Popular Economics: What the Rolling Stones, Downton Abbey, And LeBron James Can Teach You About Economics (Unabridged)
by John Tamny
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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 purposes. 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.