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Why are our salaries the way they are and what determines their increase? How do we understand the term “inflation” using the example of a consumer basket? What is GDP and is it really that important? And why shouldn’t we just print more money for everyone?
We want to understand economics, but complex terms and incomprehensible models can be intimidating. Bank of England economists Rupal Patel and Jack Minning use simple examples from everyday life to show that understanding this discipline is much easier. From the works of Adam Smith to the ideas of Homer Simpson, from the principles of world trade to choosing chocolates in your favorite store, from Bitcoin Nakamoto to the Japanese “hakomono” - this is an accessible and surprisingly witty crash course in economics.