Introduction

There is a quote that I saved once—an anonymous comment on an article about economics—that captures the theme of this book. It said:

Economics remains an esoteric subject, bathed in arcane mathematics and beyond comprehension to most. If economists cannot make economics simple enough for the common man to understand, then its usefulness as a guide to policy making is seriously sullied. It’s about time they came down from their Ivory Towers and mingled with the masses.

This is the challenge facing anyone who studies economics. Understanding economics is hard, and simplifying economic ideas is even more difficult. Even if those conditions are met, economics still has to overcome its reputation as being one of the most boring subjects ...

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