A social science that forms laws and theories on the basis of everyday market events and happenings in the world, Economics can be a delight or a dud. Tim Harford, an eminent writer from the Financial Times, takes up the challenging task of making the discipline the former. Guided essentially by the popular principles of demand and supply, Harford presents topics that bring out the profundity of Economics with much simplicity. How does money work? How are the concepts of efficiency, equity and equality interlinked? Why are Starbucks prices sky scraping? Whats the reason behind costly health care? Harford answers it all. Taking examples from all over the world, the author decodes events and practices to reveal the mechanisms of Economics. Any budding economist or lover of logic would consider this book as a guide after one read.
