Book description
Most "managerial economics" textbooks are thinly disguised microeconomics texts: highly theoretical, too dependent on abstract and unproven assumptions, and simply undigestible by busy, practical-minded executives/readers. Furthermore, such texts leave it up to the reader to apply their lessons so as to gain value from the knowledge, and to reinforce that knowledge through practice. The "theory of the firm" does not resonate with most corporate executives. But in fact, economic forces drive the context for all our important business decisions: When and how much to expand or contract; which markets to enter and exit; when to raise or lower prices; and how to invest surplus resources (retained earnings for companies and savings for individuals). This book is an application of economics (both micro and macroeconomics) to one of the central challenges of our age for any citizen in a developed economy: How to invest their resources in a changed economic landscape. It contends that the quarter century from the early 1980s to the late 2000s was a unique historical period, creating an exceptionally benign commercial and investing environment. It will not return once the Great Recession is firmly behind us. The core message of the book is an extended application of economic principles and reasoning, phrased in a form readily digestible to any interested layman. It can be used as a companion to a traditional economics text, or as a stand-alone application-oriented text. The main application explored is of investment decisions of corporations seeking to deploy retained earnings, and of individuals seeking to prepare for the day when they no longer rely on wage income.
Product information
- Title: Your Macroeconomic Edge
- Author(s):
- Release date: December 2011
- Publisher(s): Business Expert Press
- ISBN: 9781606493212
You might also like
book
The New Confessions of an Economic Hit Man, 2nd Edition
Shocking Bestseller: The original version of this astonishing tell-all book spent 73 weeks on the New …
book
New Macroeconomics
According to the National Bureau of Economic Research (NBER), a deep recession started in the United …
book
Handbook of Environmental Economics
Much applied environmental economics is concerned with the valuation of changes in environmental quality. Obtaining reliable …
book
The Esoteric Investor: Alternative Investments for Global Macro Investors
Massive demographic, environmental, economic, and regulatory shifts are generating huge new investment opportunities with an exceptionally …