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Free Lunch: Easily Digestible Economics by David Smith

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3Main Course (1)

Rude of me, I know, but I have not yet introduced you to the other guests at the table. Meet Mr and Mrs Rational – economic man and economic woman. They are not a bad couple, even if everything they do can be a bit predictable. I shall come on to them in a moment but let me just set out the aim of this main course. It is easy to get the idea that economics is about the billions of dollars flowing around the world’s financial markets, or whether the Chancellor increases public spending or taxes by a billion pounds or two, but human behaviour is at the heart of it. The aim, then, is to start with the behaviour of economic men and women like them and try to build up from that to a picture of how the economy as a whole works. If ...

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