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  • Economics: Making sense of the Modern Economy

  • The Economist
  • By: Saguao Datta - editor
  • Narrated by: David Thorpe
  • Length: 12 hrs and 50 mins
  • 3.8 out of 5 stars (54 ratings)

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Economics: Making sense of the Modern Economy

By: Saguao Datta - editor
Narrated by: David Thorpe
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Summary

The real-world realities of the far from dismal science.

A radically revised new edition of this highly readable, popular guide aimed at everyone from students to statesmen who want to make sense of the modern economy and grasp how economic theory works in practice.

It starts with the basics: what economics is about; the sources of economic growth such as people and investment; the role of central banks and fiscal policy in setting the macroeconomic framework; and the economics of everything - microeconomics.

From the underlying theory it moves to the specifics of the world economy: the developed world and the rise of emerging economies; the issues of global imbalances and the runaway world of finance; and the recent "great" recession - why it happened, how it was dealt with, its effects, its legacy and the way ahead.

The closing part puts the usefulness and the failings of economics under the spotlight, and looks at the innovative approaches being developed to make what has been called the "dismal science" fit for the modern world.

©2011 Ed. Saguao Datta (P)2013 Audible Ltd
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Editor reviews

Packed with engaging, thought-provoking economic information aimed at beginners, Economics: Making Sense of the Modern Economy: The Economist brings to life a collection of articles from this respected international affairs magazine with an energetic narration from David Thorpe. Edited by Saguao Datta, The Economist's economics correspondent, this recording covers a wide-ranging and eclectic series of topics, from the devastating global recession to pricing strategies in prostitution. Intriguing and accessible, the 12 hours of clear instruction will leave any listener feeling comfortable with the complexities of modern economics.

What listeners say about Economics: Making sense of the Modern Economy

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  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
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    5 out of 5 stars

Enjoyable

Not economic textbook, not how to book, but between academic and practical.
David Thorpe’s narration makes the reading/listening very enjoyable and fascinating.

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  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

Interesting but patchy

This is not so much a book as a collection of articles, and as long as you take that into account there shouldn't be too much disappointment. Some very insightful articles from The Economist that stimulate meaningful thought on the subject. But remember, these articles are all now about 5-6 years behind the times, and in a field evolving as rapidly as economics that is a very long time!

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2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Informative and fascinating

Where does Economics: Making sense of the Modern Economy rank among all the audiobooks you’ve listened to so far?

One of my favorite audiobooks. A trip through British history from an economic point of view. This audiobook was interesting in many ways.

What does David Thorpe bring to the story that you wouldn’t experience if you had only read the book?

The author was a good choice as the reader.

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5 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

A brilliant guide to economics

What did you like most about Economics: Making sense of the Modern Economy?

This book is good due to it using genuine articles from The Economist magazine to portray current and recent issues that affect us in different ways.

What other book might you compare Economics: Making sense of the Modern Economy to, and why?

I would pair this book with Tim Harfords undercover economist and undercover economist strikes back books as between these three books they give a detailed understanding of modern economics and the underlying theories.

What does David Thorpe bring to the story that you wouldn’t experience if you had only read the book?

It is much easier to understand this type of book if listening to it as it gives a connection to the listener that makes it an easier listen.

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4 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

Not a great primer

A little disjointed for the uninitiated, hence not the best introduction to the subject. I think that these are a series of articles, which are well written and interesting. A good sequel to the Ascent of Money by Nial Ferguson.

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1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

A decent primer

As someone who took Economics classes as an undergraduate, and regularly reads Economics books, every so often it is useful to go back to basics.
This book includes the basics, along with an abundance of information concerning the crash of 2008 and its aftermath, but includes some decent insights into growth models and even the nature of Economics as an academic discipline, the most interesting aspect is how some Economists are incorporating neuroscience into behavioural economics.
The book can start to drag midway through, which is probably why it took me 3 attempts to finish the book, but overall a decent compendium of most issues in modern Economics, more suited for the less familiar.

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  • Overall
    2 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars

Summary - Dry, Factual, little actionable info

What disappointed you about Economics: Making sense of the Modern Economy?

I was hoping that the book had more detail and examples of how the economy works as well a more reference to where you can get data.

What was most disappointing about Saguao Datta (editor)’s story?

This is a very dry and factual account of peoples opinions.

What didn’t you like about David Thorpe’s performance?

had no feelings

What character would you cut from Economics: Making sense of the Modern Economy?

none

Any additional comments?

This felt like a summary of articals in The Economist

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