Big Picture Economics: How to Navigate the New Global Economy

BIG PICTURE ECONOMICS When it comes to using economics to help make critical decisions, what matters most is context. And while economists like to argue that theory is the truth, theory only gets you so far. In Big Picture Economics , leading economist Joel Naroff and veteran journalist RonScherer explain economic principles in a way that helps readersgain perspective on the global economy and apply that knowledge to better their lives and financial futures. The book covers key areas of economics, including: Economic policy Why people buy or dont buy Cutting spending and the federal budget Tax policy Monetary policy The global economy Big Picture Economics will help anyone think about the world like an economist by taking readers through a crash course in the dismal science. Gaining the proper perspective and acquiring actionable economic intelligence involves knowing the past and the present in order to decide how to move forward. Big Picture Economics provides the foundation youll need to make better financial decisions and understand economic events in the proper context.

JOEL L. NAROFF is a nationally recognized expert and recipient of the Lawrence Klein Award for Blue Chip forecasting excellence and the National Association of Business Economists Outlook Award. Named the Bloomberg Business News 2008 top economic forecaster, Naroff was also named top economic forecaster by MSNBC in 2006. Data compiled by Bloomberg shows Naroff as the top forecaster of the U.S. economy during a period that included the start of the global credit crisis. RON SCHERER is a veteran journalist who has worked for UPI, U.S. News & World Report , and for The Christian Science Monitor , a prize–winning publication. In his 37 years at the Monitor , he covered Wall Street, economic policy during the Reagan administration, and many of the important news and economic events of the day.