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Man vs. Markets: Economics Explained (Plain and Simple) Paperback – August 28, 2012
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“This accessible, often entertaining book will serve a valuable purpose.” (Kirkus)
“This book is a must-read for the financially under-educated....This inviting text provides a good springboard for investigating more of the frightening world of finance.” (800CEORead)
“Why can’t more financial books be this fun to read? Man vs. Markets deconstructs economic theory in a way that makes learning more fun than you ever expected.” (Better Investing)
From the Back Cover
After years of TV and radio coverage, gallons of newsprint ink, and billions of scholarly opinions on the blogosphere, do we really understand the financial engineering that brought the global economy to the brink?
The terms and acronyms that make up the language of economics are enough to cause the layman's head to start spinning: leverage, securitization, futures, options, MBS, CDS, CDO. Luckily, we have veteran journalist Paddy Hirsch—senior producer at APM's Marketplace and acknowledged Whiteboard Guru—to help us crack the code. In Man vs. Markets, he proves that it's not impossible to understand what's going on in the glass-and-steel canyons of Wall Street; that most international financial transactions aren't all that different from those taking place every day in stores, in car dealerships, even on the playgrounds of Main Street.
Bonds? They're basically loans. Futures? You probably used one when you ordered your Thanksgiving turkey last year. Options? Ever bought a fully transferable, returnable airline ticket? That's pretty much the same thing.
With a winning combination of acquired wisdom, common sense, market savvy, and an outrageous sense of humor, Hirsch clearly explains and defines the instruments that power our financial system and very nearly caused its demise. Clever, insightful, hugely educational, and always entertaining, Man vs. Markets translates the often confusing language of finance, enabling every one of us to truly comprehend what makes the markets tick.
Top Customer Reviews
This book is a collage of wonderful images that work up to a point, as the author himself notes. That is actually their beauty, because they describe the essence of basic notions without getting technical; from the capital structure of a company, to the banking system, to the basic and complex financial engineering products. Those that actually, became self-destruction mechanisms for the financial monsters resulting from ample deregulation and extremely low interest rates over a very long period.
The author uses a rich variety of metaphors to explain the big picture of the basic concepts he has chosen to cover. A few have been widely used, like the insurance explanation for credit default swaps or the imagery of some type of water system, a sponge, and the pool water level, for the explanation of the money supply.
But mostly the metaphors are ingeniously original; like the waltz dancing ballroom for the marketplace; the fish market distinction for emphasizing the mysterious and dangerous nature of the markets; the three little pigs story for shares, short selling and more; the skipping rope in the playground for the bond price yield relationship; the ice cream business for capital markets.Read more ›
Most Recent Customer Reviews
Excellent book by Paddy Hirsch who is an excellent teacher of economics and markets. Would highly recommend it for someone who would like to understand this topic more.Published 19 months ago by Cúlbaire
Easy to read book with basic information on how the market works. I would recommend this book to everyone that wants to start investing in the market.Published 21 months ago by El Boriqua
Excellent at explaining the repo market and QE. Also the intermediary dealers who make the whole thing work. A good foundation for further explanation.Published 23 months ago by Good,bad,ugly
It is a great book. I think it should be required reading for anyone that is involved with money (everyone). It should be mandatory for business students.Published on July 17, 2014 by Loralee Silverthorne
book is very clear and explains simple and complex terms in easy to understand way, through daily examples. definitely recommend to everyone.Published on March 17, 2014 by Lisa Brick
Written with a deft, clear hand. Unpretentious and fun. This one's a winner and would be great for young people.Published on February 17, 2014 by I. M. Poston.