Free Response 2007 by Gary North is a book on the economy that has become so popular with college students that some professors are now teaching it in order to give their students some free economic advice. This book is not for the person who just wants to have an idea about the economy and then leave it up to the government to fix the problem. It is actually a study guide that will help you understand how the economy works in the future. If you are one of those people who want a great answer that will help you become an expert on the topic, then Free Response 2007 by Gary North is probably the book for you.
The first section of Free-Response is a quick summary of the economy in general, starting with a history of it, ending with a study of the current situation, where all the main players are discussed and the different areas of the economy discussed. Each part of this section is very informative and easy to read, although I did find the introduction section a little boring and uninteresting.
The next section of the book contains chapters that cover every major topic that affects the economy, such as interest rates, unemployment, consumer spending, fiscal policy, the Federal Reserve, and international trade. These chapters cover everything from business cycles to macroeconomic theory, and even the financial system itself. It is not a complete guide to the economy, but it should provide you with enough information to get started when you are looking for economic advice.
The last section covers the economic policy of the United States government, as well as global issues like the Chinese economy, Japan, and Europe. It also gives an overview of the political process, which may make you think about how you can get involved in the political process when you go to college to learn about the economy. As with most books, some parts of Free Response are easier to read than others. For example, part five is very technical and a bit long to read, and part four is too short to give you any real information.
Overall, Free Response is an excellent guide to the current economy, covering all of the major topics in a very simple and effective way. While it does not give you the full analysis of every issue covered, the sections on the Federal Reserve, interest rates, unemployment, consumer spending, and international trade make this book very useful.
I would recommend that anyone interested in economics read Free Response 2007, especially if they are looking for a quick introduction to the subject. You will also learn a lot about how the economic system actually works and you will have a good idea of how you can participate in the political process if you ever decide to go to college to study economics.