About the book: year / In this book you will find a description of the most important economic theories, hypotheses and discoveries, but without a huge number of obscure details, outdated examples or complex mathematical "proofs". Topics covered here include: How governments deal with crises and unemployment using monetary and fiscal policies. How and why international trade benefits us. Why poorly designed property rights are affecting the environment, where global warming, air, water and soil pollution and species of plants and animals are disappearing. How profits stimulate businesses to produce necessary goods and services. Why competing firms are almost always better for society than monopolists. How the Federal Reserve simultaneously controls the quantity of money, interest rates and inflation. Why government policies in the form of price controls and subsidies usually do more harm than good. How a simple model of supply and demand can explain the pricing of everything from comic books to open-heart surgery. I will do everything in my power to ensure that all of the above—and more— explain to you in clear and understandable language. I have organized the information in this book to give you the reins. You can read the chapters in any order you want, so you can get right to where you want to go without having to read all the stuff you don't want to spend your attention on. Economists like competition, so it shouldn't surprise you that we have a lot of controversial points of view and variants of any definitions. Moreover, only through vigorous debate and a careful review of all the facts offered by our profession can we understand the interconnections and mechanisms of our world. In this book I will try to clarify those fantasies or ideas that lead to many disagreements. This book contains a list of key ideas and concepts that economists recognize as valid and important. (If you want me to express my own point of view and tell you my favorite theories, you will have to order me something hot!) However, economists have not even reached agreement on how to present key ideas and concepts, so In this case, I needed to make several decisions about organization and structure. For example, when it comes to macroeconomics, I use a Keynesian approach even when I have to explain some non-Keynesian concepts. (If you don't know who Keynes is or what Keynesianism is, don't worry, I'll introduce him to you later.) Some of you may not like this, but I think it helps keep the story short.