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"The Practical M.B.A. on Economics: What They Do & Don’t Teach You at Business School" by Joseph Gulesserian is a comprehensive, fast-paced, and engaging exploration of economic principles and history presented in an accessible and entertaining way. The book covers a wide range of topics including stock market crashes, sovereign debt defaults, the 1944 Bretton Woods agreement, the International Monetary Fund (IMF), the World Trade Organization (WTO), the U.S. Dollar's global reserve status, and mercantilism.
Gulesserian introduces readers to major economic thinkers such as Adam Smith, Richard Cantillon, John Maynard Keynes, David Ricardo, Murray Rothbard, and Milton Friedman, explaining their contributions and how their ideas shape today's financial world. The book challenges mainstream economic narratives, simplifies complex economic concepts, and uses historical events to illustrate how the current global financial order came to be.
Key themes include the perils of the current economic system, the impact of government and central bank policies, the consequences of money printing, inflation dynamics, wealth inequality, and questions about the future of U.S. monetary dominance. The writing combines intellectual clarity with wit and humor, making the subject matter approachable for readers without formal economics training.
Reviewers praise the book for its clarity, relevance, insightful analysis, and entertaining style. It is seen as essential reading for anyone looking to understand the deeper workings behind economic news, financial crises, and global economic trends beyond what is typically taught in business schools.
The Practical M.B.A. on Economics" equips readers with a solid grounding in economic realities and history, empowering them to critically assess economic policies and their implications for the future.
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