In This Economy?

How Money & Markets Really Work

By: Kyla Scanlon, Morgan Housel - foreword

Narrated by: Kyla Scanlon, Morgan Housel

“Few people can communicate how the economy actually works better than Kyla Scanlon.”—Morgan Housel, author of The Psychology of Money

An illustrated guide to the mad math and terrible terminology of economics, from one of the internet’s favorite financial educators

Is our national debt really a threat? What is a “mild” recession, exactly? If you’re worried about your bank account balance, job security, or mortgage rate, what data should you be keeping tabs on?

For anyone trying to make sense of disorienting headlines, there’s no better interpreter than Kyla Scanlon. Through her trademark blend of witty illustrations, creative analogies, and insights from behavioral economics, literature, and philosophy, Scanlon breaks down everything you need to know about how money and markets really work. This indispensable handbook reveals the hidden forces driving key economic outcomes, the most common myths to steer clear of, and the dusty, outdated assumptions that constrain our political imagination, offering a bold new path to building a prosperous society that works for everyone.

This audiobook includes a downloadable PDF with graphs and illustrations from the book.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2024 Kyla Scanlon (P)2024 Random House Audio

Critic reviews

“Kyla’s singular style is approachable, witty, and endlessly informative, helping readers decipher everything from the labor force to housing to what Jay Powell’s thinking.”—Kai Ryssdal, host of NPR’s Marketplace

“Kyla is a master at explaining even the most complex and arcane subjects with verve, wit and creativity—whether it’s the mechanics of the US debt ceiling, the ‘vibecession’ or the nuances of meme investing. We’re lucky we have Kyla around to show us how it all works.”—Tracy Alloway, Bloomberg journalist and co-host of the Odd Lots podcast

A modern realistic understanding of the economy

Kyla does explains the complexities of the modern economy vert simplistically. She also has a grasp of how many Americans under the age of 45 feel about the current state of living, and wonderfully explains how that is shaping the current & future job market/economy.
Overall very easy to read and should be read by anyone over 15.

Titled for beginners, reads intermediate/advanced

Overall, good content. However, book is titled like it would be a great book for beginners but it reads for a more intermediate to advanced audience.

Good book for Early Millennials and GenZ

As someone roughly her age and coming from a good understanding of behavioral economics and economics, this stuff for the most part I already know. What I think she should, and she did cover it in her book a bit, is to make new economic metrics that more accurately portray the GDP of our country.

Vibe session! This book is awesome

I will forever refer to consumer sentiment as simply vibing. This is the most accurate description of our economy in the most gen z language and I love it. Professor G is a smart dude for bringing Kyla on the podcast. I didn’t think it was possible to make fed speak less boring but she found a way. Good freaking job.

a must read prior to upcoming elections

While the U.S. Dollar is the contemporary world reserve currency, this information by Kyla Scanlon is internationally relevant

Econ 101

Not what I was expecting. If you’re new to the finance world this book will help you because it’s all a VIBE according to the book

Great insights into what affects the economy

I learned a lot. I’ve listened to other books on similar topics but there was still much new for me here. I really like the people centred perspective.
I feared it would be tough and dry to listen to, but instead found it to be entertaining and captivating.

Kyla Scanlon covers the rise of investment communities and the way towards economic integration through an abundance mindset.

I found her book to be an authentic and insightful take on today’s economic realities. Scanlon’s conversational style and pop culture references make complex economic concepts not only accessible but also deeply relevant. She masterfully ties current events to well-documented research, creating a resource that resonates with those who’ve experienced these shifts firsthand. Whether you’re navigating market volatility or simply trying to make sense of the headlines, this book is a must-read for anyone invested in understanding the economy’s inner workings.

Ideas

Government debt is good? For real? This is the first time I stepped into a book about economics that has a liberal tone to it. I couldn’t digest much of it. The book itself is informative but some of the ideas I couldn’t disagree more with.

how to fix

there wasn't enough guidance on what we as consumers can do or do better. application for us as individual to implement and change our course to fixing out own economics and how webcan susfain and grow.