I hold an Economics degree but it would be total fakery if I said I know exactly know supply and demand works.
In fact, all that Econometrics has not made the slightest sense to me nor can I work out theories behind market economies. I can't even do maths remember? Let alone the monetary effect on interest rates and exchange rates.
This new book I have in front of me provides premium delights as the authors argue that economics is, at root, the study of incentives and not merely supply and demand! I can't agree more!
Who knows, some day I could publish my thoughts like no other, in a book as well!
1 comment:
Interesting... do share excerpts from the book in this column in time to come. This way, I don't have to read and can gain the knowledge too .. hee hee.
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