50 Economics Ideas - You Really Need to Know

50 Economics Ideas You Really Need to Know--------------------------------------------------What exactly is a credit crunch? Why do footballers earn so much morethan the rest of us? Which country is likely to be the world's leadingeconomy in 10 years' time? And how does economics affect each one ofus, every day? In the seventh volume of the successful 50 Ideas series,Daily Telegraph economics editor Edmund Conway introduces and explainsthe central ideas of economics in a series of 50 clear and conciseessays. Beginning with an exploration of the basic theories, such asAdam Smith's 'invisible hand', and concluding with the latest researchinto the links between wealth and happiness, he sheds light on allthe essential topics needed to understand booms and busts, bulls andbears, and the way the world really works. Packed with real-life examplesand quotations from key thinkers, 50 Economics Ideas provides a fascinatingoverview of how economics influences every aspect of our lives, frombuying a house to what we had for breakfast this morning.--------------------------------------------------Author Biography: Edmund Conway is economics editor of the Daily Telegraph.He was Media Leader at the World Economics Forum in Davos, 2008, andmakes frequent TV and radio appearances. He lives in London.