What goes on in the economy is important to everyone, yet often baffling. This book-Economics Reimagined: Nature, Progress, and Living Standards-explains many mysteries of economics, without needing any graphs, statistics, formulas, or models to do so. For example: Is macroeconomics even a science? Why have leading economists been given so much unchecked power over our lives? Why do government price inflation statistics rarely match our own experience? Does the country always benefit from infrastructure investments? Who really pays the taxes and costs imposed on businesses? Why do some things that make GDP rise also make living standards fall? Why is it so hard these days to tell who is rich or poor by how they are dressed? What was the connection between the rise of imports from China and the rapid growth of yoga studios and health clubs? How does the behavior of all living things in nature dictate the laws of economics? What can we learn about economics from the building of the Egyptian pyramids? This lively and entertaining book will explain all that, and much more. Rick Teller, with degrees from Penn's Wharton School and Harvard, has been involved in investments and finance since the 1970.
