Popular Economics: What The Rolling Stones, Downton Abbey, And LeBron James Can Teach You About Economics

Popular Economics: What The Rolling Stones, Downton Abbey, And LeBron James Can Teach You About Economics

Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

Forbes editor John Tamny uses entertaining stories from sports, movies, popular culture, and famous businesses to demonstrate the basic principles of economics. The Rolling Stones, the Dallas Cowboys, and Paris Hilton become examples of good and bad tax policy. The Godfather, Gone With the Wind, and The Sopranos reveal the downside of antitrust regulation, while the Michigan Wolverines’ 2007 loss to Appalachian State explains why regulations often fail to achieve their intended purpose. NBA star LeBron James’ exploits on the basketball court illustrate free trade and comparative advantage, while the cooking of chicken wings makes the case for a stable dollar.

Popular Economics is an everyman’s guide to how money really works—a lesson politicians try (and fail) to grasp every day.

Review

"Want to understand the vital purpose of stable money in a free-market economy? Read John Tamny's chapters on the importance of reliable standards—whether you are measuring ingredients for a chicken wings recipe, constructing a house, or timing athletes running the forty-yard dash—and you will fully comprehend that money is meant to provide a dependable measure of value. Tamny's writing throughout...

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