The Economist: Economics, Fourth Edition: Understanding the Modern Economy

The world of economics is changing. Years of turmoil in the global economy mean that nothing will ever be the same again. That's the starting point and theme of this radically revised classic book in The Economist. Richard Davies takes us on a journey through the newspaper's own analysis of the state of the world's economies, how we got here, and what to expect in the next decade. He explores:

* What went wrong since 2008, why it happened, and how can we prevent it from happening again?
* Shift in the focus of the economy from banking to labor economics
* A new breed of companies that have economics at the core of their operations.
* Future hopes and challenges for the global economy

Along the way, we encounter the global economy exposed, from banks, panics, and collapses to innovative new policies to improve how markets work; from debates about jobs, wages, and inequality to the promise of innovation and productivity; from the ramifications of emerging markets and the globalization of trade to the sharing economy and the Google and eBay economies. The result is a fascinating review of the global economy and the changing role of economics in the new world order.