Fortune Encyclopedia Should Go Down as Classic
Heaster, Herry, THE JOURNAL RECORD
If you're pondering a Christmas gift for someone with an interest in the dismal science, ponder no more.
The Fortune Encyclopedia of Economics (Warner Books, 876 pages, $49.95) is the perfect present for anybody interested in understanding the issues having the biggest day-to-day impact on our lives.
This marvelous treasure of insights, which was edited by David R. Henderson, may be the best single-source economics reference ever compiled with the layman in mind. It contains nearly 160 essays on a vast array of subjects: securities, corporate and public finance, antitrust, mercantilism, immigration, rational expectations, public choice theory, socialism, fascism, tax policy, savings and investment, natural and human resources, environmentalism, agriculture, discrimination, industrial policy, regulation, sports _ even crime. They are as timely and relevant as they are easy to understand, which makes this book a godsend for those who find economics daunting but still seek a modest understanding of its mysteries.
The guidance most commonly sought by readers of this column over the years has involved their search for ways to better inform themselves about business, finance and economics. The basic hope was to find shortcuts to a better mastery of this area of knowledge.
My response has been to say there simply isn't an easy way. It's always a matter of constantly keeping up by reading all the pertinent publications and supplementing this current information with the relevant books.
This regimen is still necessary, of course, but The Fortune Encyclopedia now provides a handy way to supplement the input from other sources. When you happen across something that needs further elucidation, chances are good that this reference work will help clarify things. …