Revised edition of this classic accessible guide - fully updated to explore how the global crisis of 2008 has affected the economy
The economy has never been so relevant to so many people as it is now, and it's vital that we understand how it affects our lives.'There's no such thing as a free lunch'is the one phrase everyone has heard from economics - not even for bankers. But why not? What does economics tell us about the price of lunch - and everything else?Free Lunchmakes the economics pages of the newspaper intelligible and addresses the concerns that worry us all. It will enable you to understand - and challenge - the claims made by politicians Set out like a good lunch-time conversation, the book will guide you through the mysteries of the economy. Your guides will be some of the greatest names in the field, including Smith, Marx and Keynes. This clever and witty introduction to economics costs less than even the cheapest meal. It is essential reading in these times of economic uncertainty, and is far more satisfying than even the most gourmet banquet.
David Smith is Economics Editor of theSunday Timesand the author of a number of books includingThe Dragon and the Elephant andThe Age of Instability.
'David Smith skilfully cuts through the mind-numbing waffle that surrounds much of modern economics, delivering a highly accessible guide to a subject that many claim to understand but very few do.', Jeff Randall, BBC Business Editor
'Smith ... is an amiable and talented dining companion', Martin Hemming, Observer
'Free of jargon, obfuscation and interminable subordinate clauses, his prose is just the job', Ross Leckie, The Times