Product Description

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 Lunch makes the economics pages of the newspaper intelligible and addresses the concerns that worry us all. 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 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.

Product Details

• Amazon Sales Rank: #13434 in Books
• Published on: 2008-11-06
• Original language: English
• Binding: Paperback
• 304 pages

Review
"* Once again David Smith has demonstrated his talent for opening up the world of economics and finance to a general audience * 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 Randal, BBC Business Editor
David Smith delivers a highly accessible guide to a subject that many claim to understand but very few do.

City Diary, Finance Pages - The Guardian
Those of you looking for an entertaining and stimulating gift should look no further than this excellent new book..it's worth every penny.

Customer Reviews

Easily Digestable and Full of Flavour
This highly informative and interesting book is presented in an original and 'easily digestible' format, suitable for all readers. Smith manages to cover most, if not all, of the economic issues concerning us today, in a concise 282 pages. I was particularly impressed with the references to economic history and the incorporation of so many of the 'big names' in economics - both new and old.

For those new to economics, perhaps one of the most refreshing features about the book is that it contains no diagrams and just two simple equations - which is very unusual for a contemporary book on economics. As an undergraduate studying economics, I cannot help think that a diagram in one or two places would have clarified the explanation - however, this may have over-complicated things for the general audience, and I think Smith was right to leave the book diagram free.

Even as a student, who supposedly should know a fair bit about economics, I found the book highly informative, clarifying issues that I am studying at the moment and touching on new topics that I have not yet encountered. To my surprise the book focused on various aspects of current economic theory in a clear and concise manner that will no doubt help me in my studies.

'Free Lunch' contains a wealth of general economic knowledge presented in a highly accessible and often witty writing style. I would therefore recommend this book as an excellent introduction to economics.

Excellent and Digestible Introduction to Economics
David Smith, Economic Editor of The Sunday Times, has presented an excellent and digestible introduction to economics in his new book, Free Lunch, Easy digestible Economics. Smith provides a good general overview of key economic concepts, an examination of current economic issues and an introduction to key economic thought of the last two hundred years. Smith includes topics such as whether Britain should change to the Euro currency, why some countries are designed to remain in poverty, and how British monetary policy has evolved over the last twenty-five years. Best of all, Smith uses only one simple equation and does not offer a single complicated mathematical example.

The book is set out as a meal plan with appetizers, a main course, desserts, coffee and guest speakers. Guest speakers include many well-known economists such as Carl Marx, Adam Smith, and Maynard Keynes, but the contributions of some less famous economists such as Ricardo are also examined. Smith also provides further details of economic web sites worth visiting and a book list for the interested reader wishing to learn more about economics.

All in all, the book is a fantastic introduction to economics, giving the necessary information to understand the way in which our countries are run and our personal finances are controlled.

Easily Digestible and Full of Flavour
This highly informative and interesting book is presented in an original and 'easily digestible' format, suitable for all readers. Smith manages to cover most, if not all, of the economic issues concerning us today, in a concise 282 pages. I was particularly impressed with the references to economic history and the incorporation of so many of the 'big names' in economics - both new and old.

For those new to economics, perhaps one of the most refreshing features about the book is that it contains no diagrams and just two simple equations - which is very unusual for a contemporary book on economics. As an undergraduate studying economics, I cannot help think that a diagram in one or two places would have clarified the explanation - however, this may have over-complicated things for the general audience, and I think Smith was right to leave the book diagram free.

Even as a student, who supposedly should know a fair bit about economics, I found the book highly informative, clarifying issues that I am studying at the moment and touching on new topics that I have not yet encountered. To my surprise the book focused on various aspects of current economic theory in a clear and concise manner that will no doubt help me in my studies.

'Free Lunch' contains a wealth of general economic knowledge presented in a highly accessible and often witty writing style. I would therefore recommend this book as an excellent introduction to economics.