If I am complaining about someone’s lack of knowledge about economics, it seems only fair to try to remedy that. For your own value or to share, I always enjoyed this brief series.+
Dr. Madsen Pirie, President of the Adam Smith Institute is explaining how basic economics is based on fundamental understanding of human nature.
Economics often seems too complicated for us everyday mortals, but it’s just based on understanding the real world. The workings of the market, the everyday buying and selling, profit and loss, tell us, if we choose to pay attention, how money, trade and markets really work.
Never fear, these are all really, really short, and worth your time.
Economics can be fun, and here’s another lesson: Economics is fun, Part 2. All about Price. How do products get priced, and what is the right price?
Part 3 is about Specialization. This is not…
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