Economics and All That

Volume I of Economics and All That explains fundamental concepts of economics to both students and members of the lay audience who want to learn more about such things as markets and money and banks and finance. The title of this book is borrowed from the tongue-in-cheek thousand-year history of England called 1066 and All That, which has been a classic for almost a century. The book uses humorous examples to help readers understand many of the basic concepts of economics, some of which are: Supply and Demand Conspicuous Consumption The Invisible Hand Paradox of Value Pareto Efficiency Moral Hazard Game Theory and the Prisoner's Dilemma Normal and Inferior Goods Giffen Goods Perfect Competition The Time Value of Money Derivatives Financial Bubbles The Yield Curve Cryptocurrencies