How To Understand Economics In 1 Hour by Marshall Payn
Disclaimer: I received this book from the publisher in exchange for a review.
Summary: For decades US politicians have been kicking the federal deficit and overspending can down the road. No politician can get elected by running on a platform that will honestly fix the US economy. At no time in history has it been more crucial than now for each of us to understand our government. In order to do so, we must understand economics, politics, and the difference between the two.
We are the richest country in history but yet we sit on the edge of financial disaster. How can we expect that to change if voters don’t understand the very basics of economics? There has never been a source of information on economics that people can easily understand, UNTIL NOW.
Author Marshall Payn, with a degree in Economics from MIT, believes that the current presentation of economics in our educational system is the biggest obstacle in understanding economics. He developed his unique approach while working in the field of vocational education, i.e. getting fundamental information from one mind to another. In clear and simple terms, this book separates truth from emotion, economics from politics, and offers undeniable proof of our country’s destiny if each of us continues to elect politicians while lacking a clear understanding of basic economic principles.
If you think you understand economics, think again. This book is an eye opener, not only with its content, but because these concepts are so simple. What is truly amazing is that the knowledge in this book is not common knowledge.
Review: A book that tries to explains the economics of our country and government without involving politics.
I was expecting this book to something along the lines of Freakanomics or another book I had read earlier about economics that proposed to simplify the topic. Payn's book focuses on the economics of our country and how the government affects the economy. I must admit to not reading this all in an hour, but it's easy to pick up where you left up. Plus there are funny political type cartoons. Payn does do his hardest to keep politics out of his book, but that certainly won't be true of the people reading it.
I will admit to feeling that this book does a lot of government blaming. What Payn says does make sense, but I don't agree with some of it. Spending is out of control and there is not enough in taxes come in, but I can't view taxes as depriving people (as long as they are a logical percentage of income). That could very well come from my own personal political views. It was ironic to read this book when the government is shut down since Congress gets the blame in the book for the economic crisis and Congress is to blame for the government shutdown.
Recommendation: I would recommend this book to anyone interested in the connection between the economy and the actions of the government.