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The Undercover Economist

This is a really good introduction to Economics. As someone who's picked up economics mostly from the University of Life (although when I went it was still a polytechnic) it's been very useful.

The chatty style belies the fact there's lots of information to be learned from this book.

His central two points are that scarcity dictates price (supply and demand) and that prices are set according to the information available to both buyer and seller.

Along the way you'll find out why your morning coffee is priced the way it is and why it's hard to get a decent second hand car.

Although it's hard to believe in a book about economics, we found this to be a bit of a page turner and finished it in a few days on our recent holiday.

It helped us to understand what's really going on in the world.

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