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THE GREAT SLUMP OF 1930 by John Maynard Keynes, 1931 provides the basics framework of macro economics, debt-deflation and the roles of consumer and capital investment and spending explained almost totally non mathematically in three pages! It is the clearest simple explanation I have found and any reasonably bright person who is interested should be able to grasp the essence with a bit of effort. Once one has that 5 Km high overview or gestalt click into focus, so much of what they already know falls into place. At least that is what I found for myself.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri May 20th, 2011 at 09:53:02 PM EST
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