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Free Lunch: Easily Digestible Economics by David Smith

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1Appetizer

This is a book about economics. I used to say that as a half-apology, knowing that economics had to work quite hard to compete with other subjects, not to mention most other things in the bookshop. Things are different now, thanks to the global financial crisis that began in the summer of 2007 and was far from over in the run-up to its fifth anniversary as this was being written. The crisis came like a whirlwind, damaging everything in its wake but also shaking up perceptions, including those about economics. Everybody has a view on the crisis, and most people have something to be angry about, about bankers, regulators, politicians and even economists. Apart from the fact that the repercussions of the crisis will live in the memory ...

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