How do labor markets work? Is it better to aim for inflation or full employment? How can developing countries escape the poverty trap? In this accessible and entertaining guide, readers can explore the key questions and theories that top economists have sought to answer, and gain valuable insights into the complex world of economics.

Ranging from demand and supply to globalization and international trade to game theory, and featuring ideas from such esteemed economists as Adam Smith, John Maynard Keynes and Milton Friedman, this essential guide will bring you up to speed on the core themes and theories of this great subject and understand how world economies function.

ABOUT THE SERIES: The Ideas Unpacked series explores several academic topics through their 50 greatest ideas, giving readers an entertaining and accessible overview of a subjects defining theories and thinkers.