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Economics Made Simple

How money, trade and markets really work

By Madsen Pirie

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About the Author

Madsen Pirie

Dr Madsen Pirie is President of the Adam Smith Institute (www.adamsmith.org) and Senior Visiting Fellow in Land Economy at the University of Cambridge. He was awarded the National Free Enterprise Award in 2010 (jointly with Dr Eamonn Butler). He frequently appears as a commentator on television and radio, and has published articles in most major national newspapers and magazines.

Madsen often ... Read more on Madsen Pirie

Contents Listing

About the author
Acknowledgements

Introduction: Everyday economics

1. Trading things, creating wealth
2. What things are worth, and when
3. Prices, selling and buying
4. Producing and distributing
5. Enterprise
6. Money and currency
7. Banks and finance
8. Competition, monopolies, and setting the rules
9. Taxes
10. International Trade
11. Globalization and development
12. Overview

Glossary
Index
About the author
Acknowledgements

Introduction: Everyday economics

1. Trading things, creating wealth
2. What things are worth, and when
3. Prices, selling and buying
4. Producing and distributing
5. Enterprise
6. Money and currency
7. Banks and finance
8. Competition, monopolies, and setting the rules
9. Taxes
10. International Trade
11. Globalization and development
12. Overview

Glossary
Inde ...

Jacket Text

How do banks work? What does the City do? Why do prices rise or fall? Is competition wasteful? How can we create more wealth? What causes globalization and how does it affect people?

Economics Made Simple answers these and other questions, not in the way that economics textbooks do - with graphs, abstract models, jargon-ridden theory, and mathematical equations - but through narrative and lucid explanation rooted in everyday experience and common-sense intuitions.

This is a personal school of economics for anyone who has ever wanted to know how money, trade and markets really work. The study of economics has never been so enjoyable - or eye-opening.

Media Coverage

City A.M.

I?VE been reading Economics Made Simple by the Adam Smith Institute?s Madsen Pirie. The book is a short, well-written and accessible overview of basic economics and serves as an excellent primer. It ...

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An Englishman\'s Castle

Economics Made Simple: How money, trade and markets really work by Dr Madsen Pirie is an excellent primer on the whole field of economics that all those important men should have read.

He combines ...

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Youtube.com

Economics is Fun Video - Part 2: Price- YouTube 29th January 2012

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Youtube.com

Economics is Fun Video - Part 1: Value- YouTube 19th January 2012

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Allrightmagazine.com

Featured book- All Right magazine19th January 2012

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Benzinga.com

Madsen Pirie Simplifies Economics by Destroying Myths- Benzinga.com19th January 2012

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