Eat The Rich (book)
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Eat The Rich (book)
''Eat the Rich: A Treatise on Economics'' is a 1998 book by P. J. O'Rourke which explains economics in a humorous way. Its chapters include ''Good Capitalism'' (United States), ''Bad Capitalism'' (Albania), ''Good socialism'' (Sweden), ''Bad socialism'' (Cuba), and an intermission on "Economics 101", teaching facts that your economics professor didn't tell you, including the "ten less basic rules of economics". Subsequent chapters are on ''How to make everything out of nothing'' (Hong Kong), ''How to make nothing out of everything'' (Tanzania), ''How (or how not) to reform (maybe) an economy (if there is one)'' (Russia) and ''Eat the rich'', the last an encomium to capitalism. O'Rourke uses wit and an entire lack of mathematics (except in rare glances for parody) to claim that economics is something we all do every day, and only economists seem to find it difficult. He states, for example, that he has read ''The Wealth of Nations'' without finding any mathematics in it at all. ...
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Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational a ...
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