6/29/2023 0 Comments Economics a users guide![]() ![]() It is not a stretch to suggest that the Queen was speaking for most of her subjects as well as for herself. Early in the book, he notes that on a visit to the London School of Economics in 2008, Queen Elizabeth asked why no one saw the recession coming. In Everyday Economics: A User’s Guide to the Modern Economy, Steve Coulter recognises this challenge. While one may argue about the specific role the Lehman bankruptcy played, there is little disagreement that the recession – which was deep and wide, impacting large parts of economies across the globe – was a significant hit to the credibility of economics as a profession. Few predicted the recession and its exact causes are still a matter of dispute. ![]() 2017.Ī little more than ten years ago, the US government declined an opportunity to bail out Lehman Brothers, a 168-year-old investment bank, perhaps deepening a recession that started a year earlier. Coulter does an admirable job of breaking down barriers to the discipline, finds Barton Edgerton.Įveryday Economics: A User’s Guide to the Modern Economy. In Everyday Economics: A User’s Guide to the Modern Economy, Steve Coulter seeks to tackle these perceptions by offering an accessible take on economics that shows how it has relevance to different aspects of our everyday lives, from health to shopping and housing. ![]() For many of us, economics appears too abstract and rooted in assumptions that make individuals seem unfamiliar as human subjects. ![]()
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