TY  - BOOK
AU  - O'Malley,A.P.
TI  - Economic theory in practice /A.P. O'Malley
T2  - Economics collection,
SN  - 9781631572074
AV  - HB1 .E266 2015
PY  - 2015///
CY  - New York, New York (222 East 46th Street, New York, NY 10017)
PB  - Business Expert Press
KW  - Economics
N1  - Part of: 2014 digital library; Colonialism and economics --; The free market economy and its pitfalls --; Foundations of the U.S. economy --; Economic indicators --; "Too big to fail" banking and the Federal Reserve --; What the International Monetary Fund is and how it works --; Understanding fiscal and monetary policy --; Index; 2; b
N2  - This book attempts to explain what exactly "Economics" is and whether or not the theories it espouses actually work in the real world. It addresses how it is taught in colleges across the United States and the world, how it is deeply flawed and what the future holds for economies around the world, especially in the context of mega-banks that impact Main Street more now than they did in the past. This book will explore how derivatives have swarmed the balance sheets of banks and how governments throughout the "free world" have guaranteed private profits for banks, but have socialized losses for these same banks, impacting the taxpayer, and putting the economy at increased risk as volatility and leverage increase over time
ER  -