Everyday Economics

HOW MONEY AND MARKETS REALLY WORKHOW DO BANKS WORK? WHY DO PRICES RISE OR FALL?WHAT CAUSES GLOBALIZATION?HOW CAN WE CREATE MORE WEALTH? EVERYDAY ECONOMICS 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 commonsense 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.MADSEN PIRIE is the president of the Adam Smith Institute (www.adamsmith.org) and senior visiting fellow in Land Economy at the University of Cambridge. He frequently appears as a commentator on television and radio and has published articles in most major British newspapers and magazines.