Are you confused when the national economy is discussed? Do you wonder exactly what people mean when they talk about the Fed, the trade deficit, the gross domestic product, the national debt, the federal budget deficit, the unemployment rate, and banks that are too big to fail? Economics affect all of us every day: our incomes, our borrowing power, the prices we pay, and the policies our government pursues. In plain language, this slim volume explains the basics of economics in a way anyone can understand. Simple Lessons for Understanding the Economy is straightforward, brief, and easy to read. Use it as an introduction, a refresher course, or a reference book. With clear charts and examples anyone can follow, Dr. Lopez-Aqueres breaks down the elements of how money works so you can grasp economics, commerce, and finance.Book Review by Dr. Paul V. Montesino, Bentley University:Super helpful and clear! Goes through how our national economy works, why we have the problems we have, what can be done to fix the economy. You don’t have to be a college graduate to understand the economy if you read this book.Book Review by Dr. Charles C. Blankson, Urban and Regional Planner:Dr. Waldo Lopez-Aqueres has written a very simple, extremely useful book on macroeconomics that is easy to understand for the non-technically savvy reader. The book describes and explains the forces that shape the national economy. The arrangement is such that you can skip to those sections that might be of immediate interest. I recommend it wholeheartedly.
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Dr. Waldo Lopez-Aqueres was born in Cuba in 1939 and immigrated for political reasons to the United States in 1961. He earned a Master of Arts degree in economics and a Ph.D. in urban and regional planning from the University of Southern California. As a senior researcher for the South Coast Air Quality Management District in Southern California, he conducted economic impact assessments of air quality regulations and performed policy analysis of transportation programs. He also served as director of economic policy research at the Tomás Rivera Policy Institute, Claremont Graduate University, until he retired in 2006. Throughout the years, he has authored numerous publications and lectured in microeconomics, macroeconomics, managerial economics, business economics, urban studies, and statistics at various universities and colleges, including the University of Southern California, California State University at Los Angeles, California State University at Long Beach, Devry University, Mount San Antonio College, and Santa Ana College. In 2012, he published his autobiography Clashing Waves: Memories of a Cuban Immigrant. Dr. Lopez-Aqueres is the father of two, grandfather of five, and he lives in California with his wife of fifty years.
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