ABSTRACT

This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book explains about economics studies how people behave and interact in order to improve their well-being in an environment characterised by scarcity. It explores interest in economic matters that has increased significantly among all layers of the population in recent years. The purpose of The Economics You Need is to guide the reader through this journey into the world of economic thinking, a world which can appear complicated, but which need not be hopelessly complex. Certainly, the economic interactions in which most people engage today are considerably more complicated than those in which the average individual engaged in the eighteenth century, yet the insights inherited from the founders of modern economics remain valuable. Likewise, it also decides to avoid the debates regarding the goals and nature of economic policy-making, because these debates lie beyond economics, strictly speaking.