Economic theory in practice /A.P. O'Malley.

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.

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.

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Mode of access: World Wide Web.

System requirements: Adobe Acrobat reader.

Title from PDF title page (viewed on December 21, 2014).