Friday, 17 August 2012

A simple explanation of economics

Jessica Irvine has a book out: Zombies, Bananas and Why There Are No Economists in Heaven. The Sydney Morning Herald has published an edited extract: A noble pursuit by any measure. Basically, economics looks for the most efficient way to allocate scarce resources. Have a read, it is a great and entertaining primer to an understanding of the point of the "dismal science".

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