The Student Supplement to Accompany Demystifying Economics, along with Dr. Allen W. Smith’s popular handbook Demystifying Economics, provides an excellent learning tool for those who want a general understanding of basic economics. Both books are very reader-friendly, and they are written for those people who have no background in economics, but who need a comprehensive introduction to the subject. 
The contents of each chapter of Demystifying Economics are summarized in the form of chapter highlights in the Supplement, and the content is expanded. In addition, review questions, discussion questions, and important terms for each chapter are added in the supplement. The supplement can be used with any book on basic principles of economics, and it could be a superb resource for those who need a refresher on basic economics.

Student Supplement to Accompany Demystifying Economics

Smith., Allen W.

Ironwood Pubns

DEMYSTIFYING ECONOMICS: EXPANDED SECOND EDITION is a survey of basic economics written in simple language with the use of concrete examples that relate economics to ordinary daily life. The book is designed to make economics accessible to everyone regardless of educational background. The book provides substantial coverage of federal budget deficits and the more than five-fold increase in the national debt just during the past 20 years. The book also deals with such important topics as, "Unemployment and Inflation," "Money and Banking and the Federal Reserve System," "International Trade and Finance," and "Unions and Collective Bargaining."

Demystifying Economics: The Book That Makes Economics Accessible to Everyone

Business & Money

This book is a collection of seventy-seven short essays written by Dr. Allen W. Smith that borrow bits of wisdom from throughout the ages. The essays, which start with a short quotation to set the theme, are designed to inspire and comfort readers, as well as to stimulate some deep thinking about some very ordinary ideas. The essays were previously published as installments of Dr. Smith's weekly syndicated newspaper column, "CONTEMPLATING LIFE," which was first launched in July 1994 and was appearing in 14 newspapers in seven states at the beginning of the new millennium. The essays can be read in any order since each one stands alone. Readers who are looking for something specific can get a general idea of the content of each essay from its lead quotation. A list of the theme-setting lead quotations is provided at the beginning of the book. Below are a few examples: 
"Each day the world is born anew for him who takes it rightly."--James Russell Lowell 
"There is no higher religion than human service. To work for the common good is the greatest creed."--Albert Schweitzer 
"I am only one, but still I am one; I cannot do everything, but still I can do something."--Helen Keller 
"Learn the sweet magic of a cheerful face--not always smiling, but at least serene."--Oliver Wendell Holmes 
"Love is the only service that power cannot command and money cannot buy."--Serbian Proverb

Contemplations: Seventy-Seven Points to Ponder

Literature & Fiction

Smith, Allen W., Ph.D.

Essays & Correspondence

This book deals with the budget-surplus myth, the Social Security Trust Fund, and economic malpractice (voodoo economics) over the past 20 years. It exposes the deliberate deception of the public by politicians from both parties which has led to the erroneous belief that the government has surplus money which is available for financing a large tax cut or new government programs. The book points out that there is no significant non-Social Security surplus today and that the projected surpluses for the next decade are little more than wishful thinking based on unrealistic economic assumptions. The author points out that the surplus in the Social Security system is a planned surplus resulting from 1983 legislation that raised both the Social Security tax rate and the tax base for the specific purpose of building up a surplus for the retirement of the baby-boom generation which will require every dollar of the Social Security surplus. The book also includes a detailed history of the economic policies and economic malpractice of the past two decades.

The Alleged Budget Surplus, Social Security, & Voodoo Economics

Economics

DEMYSTIFYING ECONOMICS: EXPANDED SECOND EDITION is a  survey of basic economics written in simple language with the use of  concrete examples that relate economics to ordinary daily life.  The  book is designed to make economics accessible to everyone regardless  of educational background. The book provides substantial coverage of  federal budget deficits and the more than five-fold increase in the  national debt just during the past 20 years. The book also deals with  such important topics as, "Unemployment and Inflation," "Money and  Banking and the Federal Reserve System," "International Trade and  Finance," and "Unions and Collective Bargaining."

Demystifying Economics : The Book That Makes Economics Accessible to Everyone--Expanded Second Edition

Written in simple language and using concrete examples that relate economics to ordinary life, offers a lay-oriented survey of basic economics.

Education & Reference

This book deals with the budget-surplus myth, the Social Security Trust Fund, and economic malpractice (voodoo economics) over the past 20 years. It exposes the deliberate deception of the public by politicians from both parties which has led to the erroneous belief that the government has surplus money which is available for financing a large tax cut or new government programs. The book points out that there is no significant non-Social Security surplus today and that the projected surpluses for the next decade are little more than wishful thinking based on unrealistic economic assumptions. 
The author points out that the surplus in the Social Security system is a planned surplus resulting from 1983 legislation that raised both the Social Security tax rate and the tax base for the specific purpose of building up a surplus for the retirement of the baby-boom generation which will require every dollar of the Social Security surplus. The book also includes a detailed history of the economic policies and economic malpractice of the past two decades.

The Alleged Budget Surplus, Social Security, and Voodoo Economics

Book Description The current Social Security "crisis" has been 22 years in the making. It is the handiwork of the presidents and members of Congress who served during that period, as well as the efforts to abolish Social Security by the Cato Institute, the Heritage Foundation, and many other individuals and organizations." The actual solvency problem is not with the Social Security program. It is with the government's total budget. The 1983 Social Security Amendments raised payroll taxes by enough to fund both the retirement of the generation preceding the baby boomers and the baby boomers themselves. This tax increase generated $1.7 trillion in Social Security surplus between 1984 and 2005, and it will generate another $2 trillion between 2005 and 2017. This surplus money was supposed to be saved and invested to build up a large reserve for funding the retirement of the baby boomers. The problem is that the government did not save and invest the Social Security surplus as it was supposed to do. Instead, it "borrowed" and spent (embezzled) every dollar of the Social Security surplus, replacing the money with worthless non-marketable special issue government IOUs. In 1983, the same year that Social Security was "fixed," members of the Cato Institute and the Heritage Foundation drew up a long-term plan for privatizing Social Security. They published their plan, entitled "Achieving A Leninist Strategy" in the Fall 1983 issue of Cato Journal. This plan served as the foundation upon which a powerful movement to destroy the current Social Security system and replace it with private accounts was built over the years. The goal was to have a privatization plan waiting in the wings when the next Social Security crisis came along. Apparently the libertarians became impatient waiting for a true crisis to come and convinced President Bush to create an artificial crisis in the minds of the American public. Bush has done a good job of casting doubts on the long-term solvency of Social Security as part of the plan to privatize the program. This plot to destroy Social Security, that was initially created by people at the Cato Institute and the Heritage Foundation, now includes the participation of the President of the United States, many members of Congress, and many other conservative organizations. Dr. Allen W. Smith, author of the explosive book, "The Looting of Social Security," has written an even more explosive bombshell. This book exposes the Social Security accounting fraud, that makes Enron pale by comparison, and a plot to dismantle Social Security which was modeled after Lenin's struggle to overthrow capitalism. This is a must read for anyone who cares about the future of Social Security.--This text refers to the Paperback edition. About the Author Allen W. Smith has been battling economic illiteracy for nearly 30 years. His first book, Understanding Inflation and Unemployment, became an alternate selection of Fortune Book Club when it was published in 1976. His high school textbook, Understanding Economics, was published ten years later by Random House and was used by more than 600 schools in 48 states. Dr. Smith's other previous books include The Looting of Social Security: How The Government Is Draining America's Retirement Account (2004), Demystifying Economics: The Book that Makes Economics Accessible to Everyone (2000), and The Alleged Budget Surplus, Social Security, & Voodoo Economics (2000) Dr. Smith, who is Professor Emeritus, Eastern Illinois University, holds a Ph,D. .degree in economics from Indiana University. Smith, who currently resides in Winter Haven, Florida, has appeared on CNBC, CNN, CNNfn, and than 150 radio talk shows. He is available as a public speaker.--

Social Security: The Attempt to Kill It

Politics & Social Sciences

Allen W. Smith

Social Sciences

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Books by Ironwood Pubns

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Student Supplement to Accompany Demystifying Economics

Demystifying Economics: The Book That Makes Economics Accessible to Everyone

Contemplations: Seventy-Seven Points to Ponder

The Alleged Budget Surplus, Social Security, & Voodoo Economics

Demystifying Economics: The Book That Makes Economics Accessible to Everyone

Demystifying Economics : The Book That Makes Economics Accessible to Everyone--Expanded Second Edition

The Alleged Budget Surplus, Social Security, and Voodoo Economics

Demystifying Economics : The Book That Makes Economics Accessible to Everyone--Expanded Second Edition

Social Security: The Attempt to Kill It