Effective decision making requires understanding of the underlying principles of financial markets and economics. Intellectually, economics and financial markets are genetically intertwined although when it comes to popular commentary they are treated separately. In fact, academic economic...

Chapter 1: Why Finance Matters for Economics: The Story of Financing the Railroad -- Chapter 2: The Story of the Original Boom and Bust in Western Finance: The Mississippi Bubble -- Chapter 3: Price Determination in a Multi Sector Global Economy -- Chapter 4: Credit Allocation and the Role of...