The book provides well detailed explanations of several economic principles like demand-supply interactions, international trade, market failures and globalisation. It explains in layman's terms the theory behind how Starbucks and other coffee suppliers price their products, the reason behind the failure of the health insurance system in the United States as well as why it is so difficult nowadays to buy a decent used car. The reasons for why poor countries continue to remain poor while rich countries continue to prosper are also explained. The author explains how economic concepts like scarce resources, market power, price gouging, inside information, and game theory affect our day-to-day lives, often without our knowledge.
