Great lecture by Tim Harford, senior columnist for the Financial Times and author of the The Undercover Economist Strikes Back: How to Run-or Ruin-an Economy.
A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses — all are in the headlines all the time. But how does this large-scale economic world really work? What would happen if we cancelled everyone’s debt? How do you create a job? Will the BRIC countries take over the world?
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