Home > Work > The Little Book of Economics: How the Economy Works in the Real World
1 " It [economics] facilitates our understanding of the well-being of societies and the challenges they face; it explains many of the daily interactions between individuals, companies and governments, and it offers a guide to understanding political and social trends that are shaping our world. "
― , The Little Book of Economics: How the Economy Works in the Real World
2 " President Harry S. Truman is said to have famously asked for a one-handed economist, noting that “all my economists say, on the one hand and on the other. "
3 " developments and detail our shared outlook "
4 " In 2026, China’s population should start to decline. It may be the first country to grow old before it grows rich. "
5 " The only function of economic forecasting is to make astrology look respectable.” Alan Murray of the Wall Street Journal once quipped, "
6 " Throughout history, high inflation has often led to social upheaval. Hyperinflation, when prices rise by 50 percent or more per month, helped bring the Nazis to power in Germany and the communists in Russia and China, and topple both civilian and military governments in Argentina. "
