Economics is fun, part 4: Trade
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Uploaded by adamsmithinstitute on Feb 5, 2012
Dr Madsen Pirie, President of the Adam Smith Institute, is attempting to prove that economics is fun.
His new book, Economics Made Simple: How Money, Trade and Markets Really Work, is available from Amazon now in paper and Kindle formats: http://www.amazon.co.uk/Economics-Made-Simple-Harriman-Essentials/dp/08571914...
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? This book 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.
- 22 likes, 3 dislikes
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Awesome videos! Thank you so much for making and posting these.
SuzeraintyNow 2 months ago
Not quite as good as the 2nd mini-lecture on PRICE, but it still gets to the basic point of "why trade is good for every person and nation. Would benefit from 20 seconds more comment on why it is not a zero-sum game. WMWendt
wwendt9 3 months ago
i'm reading economics. that was dull.
berty121023 3 months ago