Read how the economic machine works by Ray Dalio Online


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Title : how the economic machine works
Author :
Rating :
ISBN : 25904184
Format Type : Kindle Edition
Number of Pages : 304 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

how the economic machine works Reviews

  • Karan Goel
    2019-04-26 06:24

    This book should be renamed to "How the economic machines of the past worked". Because that's what 80% of the pages are dedicated to - the Great Depression, the German recession, other developing nations' economic stand etc. The actual explanation of how an economy works (mostly in the context of the US) is the first few (~50) pages.My favorite quote from the book was this: "In booms, everyone's a capitalist. In busts, everyone's a socialist". So true. The book is mainly structured as follows:1. How an economy works - Explaining debt cycles, deflation, deleveraging, currency trends etc.2. Understanding recessions - probably the bulkiest part of the book is a *very detailed* analysis of the US Great Depression and German recession. I don't exaggerate when I say it's very detailed. Ray does a quarter-by-quarter data-backed analysis, and looks at policies that were passed and what the effect was.3. Modelling futures of emerging economies - Ray proposes a template/formula for computing how much growth various economies will have. It takes worker productivity and country culture into account. (Spoiler alert - India and China are on top).The book is full of data, tables and graphs - which I love. But the concepts are so macro, that it's not really relevant for me and most of the people who might like the title of the book. I think this book is more useful to those seeking a career in global finance, or economic policy-making. Regardless, it's a great book that is very easy to consume. The "chapters" are long blog posts, essentially, and you can skip what you don't like. I loved the general explanation of debt cycles, and macro trends in the first few pages (~60 pages or so).

  • Suhrob
    2019-05-12 03:15

    Very interesting!Dalio presents his macro model and then using its templates goes in deep detail through several deleveraging case studies.The book is written pretty clearly, though the accompanying video is even more pedagogical.The model is interesting - starts micro (with transactions), but then completely jumps over the standard demand/supply frameworks to the macro-stratosphere. It is very clear (Dalio himself acknowledges it) that it is not complete, nonetheless seems to be very coherent and have some explanatory power. The implications are also a bit... worrisome.The main danger of the book is that one might think that he/she understands macroeconomics a bit. :)

  • Bharat
    2019-05-01 03:28

    Although I'm not a big fan of Ray Dalio, it is undeniable that he has written a 101 kind of book for those who want to understand how the markets operate, the various terminologies involved in economics that is essential to understand how monetary transactions happen in everyday world and how they change the real economies across various countries in the world, the basics of transactions, financial institutions, markets etc.If you want a quick 30 min introduction to the concepts captured in the book, do watch:

  • Eugene Lee
    2019-04-25 06:16

    BA overview of the three major macroeconomic cycles

  • Santosh Shetty
    2019-05-16 05:27

    Just an amazing piece of work by Ray. Should be a must read from early on basic finance class for kids.

  • Bryony
    2019-05-18 04:40

    An excellent explanation of how economies work!