Economics Books

In its latest beige book, the US Fed has reported economic recovery in most parts of the US, but tempered its statement with the term modest recovery. But, just what is the beige book? The beige book is a district wise report on the health of the US economy and is prepared eight times a year. Information for the beige book is collected by each Federal Reserve Bank through banks, interviews with key businesses, economists, market analysts and others.

The information is then analyzed by sectors for each district and a summary is prepared. The report for the 12 districts is prepared by a Federal Bank branch in rotation. The current beige book has been prepared by the Federal Reserve Bank of Kansas City. The beige book serves as a handbook for the Fed for its policy setting meetings, the next being on March 16. The first beige book report for 2010 was released in January followed by the current one released this month. Subsequent reports are to be released in April, June, July, September, October and December.

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In 1937 Napoleon Hill published a book. It was a timeless book that continues to motivate and inspire men and women from all walks of life today. The book was “Think and Grow Rich”. I believe that this book truly transcends time and has much to say to us today. In this article I would like to focus one short passage from “Think and Grow Rich”, that is truly a prophetic message that speaks to our current economic condition. It was no doubt a very relevant message at the time that it was written. Today the message is fully relevant to the economic conditions of this day.

Mr. Hill announced in this passage that a new race, with high stakes was about to begin in his world. He boldly stated that there were huge fortunes that were going to be made by the masses. This was a shift in the rules of the money game, because in the past it was the elite and not the masses that were bringing home the gold.

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Part 1 of a 5 Part Series Introducing the Concept of Participative Capitalism

There is a solution to the current economic meltdown and I have termed it Participative Capitalism. Capitalism is not dead or even dying. In reality it has not even got going: it’s in its infancy and has simply been hijacked by those captains of industry who are masters of the competitive plane. Wallace D. Wattles predicted this crises way back in 1910; he also predicted the solution in rather broad terms. I have taken up his prediction and filled out this solution and termed it: Participative Capitalism.

Wattles hints at a solution in a single sentence and I see it very much the same way and would like to open up a conversation on the subject; but it requires you to have read The Science of Generating Wealth a free download available on my website. I believe it is also essential that you have read Power versus Force by David R. Hawkins. And in due course it will be important to have read two books by Ricardo Semler: Maverick and The 7 Day Weekend – preferably at least the latter.

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Wherever we go, economics is everywhere all over the world and it can be located in all major continents around the globe. This begins in domestic up to global approach. In my own opinion, economics is a social science. There are several branches of economics to deal with and these are: Sociology that studies the society and culture, Physics that studies the useful in the production of goods and services that produces machines and electricity,Political Science because it will study the economic policies of each leaders across the globe because it influence from the government of economic activities,History that studies the past, present, and future events of economic developments, Religion because it will based on the studies of religious traditions and beliefs that can encourage or discourage of economic development.

Readers and Viewers must discover and know the content of economics. This article will be tackling fundamental and basic principles of economics. Fundamentals of economics is focus on banks or banking, business, business cycle, depression, economic freedom, income, inflation, investment, labor force, manufacturing, marketing, money, monopoly and competition, consumer price index, cost of living, physiocrats, price, production, profit, property or dealing with real estate business, recession, rent, standard of living, supply and demand, trust, unemployment, value added tax in which I believed that this term will be understand by the viewers. The meaning of economics is very simple. According to Fajardo, the author of his book titled “Economics” third edition, The meaning of economics is the social science that deals with proper allocation and efficient use of available resources for the maximum satisfaction of human needs and wants.

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