16 of 17 people found the following review helpful
Informative, easy to read, interesting,
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This review is from: A Beginner's Guide to the World Economy (Paperback)
This is a nice little book to read in segments. The book is divided into 81 essays, each about 3 pages long, and each answering a question about the global economy. You can read 3 short pages and then set the book down.
The book is fairly comprehensive in approach, discussing a broad range of topics including international black markets.
Epping ascribes to Milton Friedman's monetary policy approach to controling inflation and economic growth through control of the money supply, interest rates, and the retention rates of lending institutions which controls the "multiplier effect" of money. This economic theory is reflected in his essays.
Epping also ascribes to David Ricardo's economic theory of comparative advantage which is the basis of NAFTA and free trade policy.
I found some of his best essays were related to economic development of the developing countries and how economic growth is tied into democratic processes.
This is not a heavy economics book. It is fun reading.