Money, the Financial System, and the Economy (4th Edition) (Hardcover)

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Editorial Reviews

Product Description

The Fourth Edition of Money, the Financial System, and the Economy provides students with a clear focus on how economic principles illustrate the evolution and conduct of financial markets and institutions, and how the international developments within these markets and institutions relate to economic performance. Hubbard provides a timely perspective on key issues through the inclusion of relevant new data and up-to-the-minute real-world applications. A new supplement to this classic text is a casebook featuring in-depth, real-world cases designed to expose students firsthand to decision making on key issues covered.

About the Author

Currently the Russell L. Carson Professor of Economics and Finance at the Graduate School of Business, and the Professor of Economics in the Department of Economics at Columbia University, Glenn Hubbard received his B.A. and B.S. from the University of Central Florida and A.M. and Ph.D. in economics from Harvard University, where he was honored with both National Science Foundation and Alfred P. Sloan Foundation fellowships. --This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 832 pages
• Publisher: Addison Wesley; 4 edition (July 23, 2001)
• Language: English
• ISBN-10: 0201726149
• ISBN-13: 978-0201726145
• Product Dimensions: 9.5 x 7.6 x 1.4 inches
• Shipping Weight: 3.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars  See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #473,725 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

5.0 out of 5 stars Well written survey, March 8, 2000

By	Sam Johnson (Los Angeles) - See all my reviews

This review is from: Money, the Financial System, and the Economy (Addison-Wesley Series in Economics) (Hardcover)

Having taken only a few basic econ courses in college I was looking for a book that would explain the workings of the fed in detail. My main interest is in trading. I found this book to be perfect. It was neither too simple nor too complex. Everything was cogently written and accessible to a layman. I found answers to all my questions and it's organized in a manner that chapters can be read independently of one another. It will serve as an excellent reference manual.

6 of 6 people found the following review helpful:

3.0 out of 5 stars A mostly complete bridge across a chasm, June 14, 2005

By	J. Loscheider "No one knows I'm a radical" (Midwest) - See all my reviews (REAL NAME)

In future editions it'd be helpful to have a stronger discussion of imperfect markets. Hubbard's neo-classicism is what made G W Bush pick him to lead the Council of Economic Advisors. But to get a more full picture of finance (especially on the international scale) one should read this side by side with Stiglitz's "Globalization and its Discontents".

This is a great book for undergrads who are not economics majors - the market features are covered effectively, thoroughly, and without the jargon that characterizes most exchanges between seasoned economists.

This is a decent book for undergrad econ majors, although by the time most of us get around to Money & Banking or Financial Economics, we've had intermediate macro and micro and are juniors looking forward to internships. Still, the presentation is not overly complex, and the assumption that the student is a beginner does indeed help for those who missed a full grasp of some of the finer points of theory.

This is not a great book for grad students, although there really aren't any great books for grad students in financial econ. MBA students will focus more in detail on the derivative and futures markets, particularly in terms of pricing assets. MSF students have their modeling books. Econ students really have to turn to the journals to broaden their scope in terms of theory, and especially to find answers to the "What if's" of imperfect markets.

Written by a grad student in Economics at the University of Missouri - St. Louis

3 of 4 people found the following review helpful:

4.0 out of 5 stars A well written text book, February 6, 2007

By	Danny L. Shaw - See all my reviews (REAL NAME)

This review is from: Money, the Financial System, and the Economy plus MyEconLab Student Access Kit (5th Edition) (Hardcover)

This book is easy to read and explains the finacial markets and intermediaries well. I go to Ohio University and this is the primary text book for the class I am in, the chapters are relatively short and the questions are well laid out. We don't use the book enough for me to give it 5 stars.