Economics Reimagined:: Nature, Progress and Living Standards

Summary

Forget GDP, and focus instead on living standards, people’s ability to get what they want. When you do that you’ll see why, contrary to universal belief, capitalism helps the living standards of the less well-off much more than those of the rich. You’ll also see why no matter who or what the government taxes, or even if it taxes nobody, nearly the entire cost of government is paid for in the form of reduced living standards for the poor or anyone else on a tight budget.

Despite covering serious issues that affect the lives of everyone, the book is designed to be easy and entertaining even for those who know little about economics. That’s because the laws of economics are ultimately based on universal aspects of human nature. If you are a human, you’ll get it.