How Economics Works: The Concepts Visually Explained

The complex world of economics - untangled Discover everything you need to know about economics with this unique graphic guide. Combining clear, jargon-free language and bold, eye-catching graphics, How Economics Works is a comprehensive and user-friendly guide to all aspects of economics. Covering everything from economic theories to international trade, the book presents the groundbreaking ideas of key economists - from Adam Smith and John Maynard Keynes to Joseph Schumpeter and Milton Friedman - in a uniquely visual and easy-to-understand way. Beginning with foundational ideas, such as scarcity, marginalism, and the free market, entries then explore the role of choice, markets, trade, and finance, and how whole economies work and are influenced by decisions made by governments and central banks, such as raising taxes or interest rates. With its unique graphic approach and clear, authoritative text, How Economics Works is the perfect introduction to the subject.