50 Economics Ideas You Really Need to Know

Edmund Conway is economics editor of the Sky News. He was Media Leader at the World Economics Forum in Davos, 2008, and makes frequent TV and radio appearances. He lives in London.

Introduction. The invisible hand. Supply and demand. The Malthusian trap. Opportunity cost. Incentives. Division of labour. Comparative advantage. Capitalism. Keynesianism. Monetarism. Communism. Individualism. Supply-side economics. The marginal revolution. Money. Micro and macro. Gross domestic product. Central banks and interest rates. Inflation. Debt and deflation. Taxes. Unemployment. Currencies and exchange rates. Balance of payments. Trust and the law. Energy and oil. Bond markets. Banks. Stocks and shares. Risky business. Boom and bust. Pension and the welfare state. Money markets. Blowing bubbles. Credit crunches. Creative destruction. Home-owning and house prices. Government deficits. Inequality. Globalization. Multilateralism. Protectionism. Technological revolution. Development economics. Environmental economics. Behavioural economics. Game theory. Criminomics. Happynomics. 21st-century economics. Glossary. Index.