Description

‘A well-written treat’ Professor David Spiegelhalter, author of The Art of Statistics
‘An enjoyable introduction’ The Times
‘Entertaining and essential’ Laura Whateley, author of Money: A User’s Guide
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Why are all my clothes made in Asia? How come I’m so much richer than my great-great-grandma? And what even is money?

Whether you’re buying lunch, looking for a job, or applying for a mortgage, the thing we call ‘the economy’ is going to set the terms. A pity, then, that many of us have no idea how the economy actually works.

That’s where this book comes in. The Bank of England is Britain’s most important financial institution, responsible for printing money, regulating banks and keeping the economy running smoothly. Now, the Bank’s team take you inside their hallowed halls to explain what economics can – and can’t – teach us about the world. Along the way, they offer intriguing examples of econ in action: in financial crises and Freddo prices, growth stages and workers’ wages. Accessible, authoritative and surprisingly witty, this is a crash course in economics and why it matters.
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‘If you feel you should understand how economists think but have no idea where to start, this book is the answer . . . Buy this book for the inquiring person, young, old or in between.’ Martin Wolf, Financial Times

The Sunday Times Business Bestseller

Publisher Review

A well-written treat . . . Leading us gently through the jargon, it answers such basic but all-important questions as "What actually is money?". Using examples including the Bank of England canteen, The Simpsons and Beanie Babies, the authors encourage us all to understand, and even challenge, what economists do. -- Professor David Spiegelhalter, author of THE ART OF STATISTICS A great place to start your economic journey. With the Bank of England as your guide, this accessible book shows how economics affects so many aspects of our daily lives. -- Dr Linda Yueh, author of THE GREAT ECONOMISTS Economics affects every aspect of our lives, but it can often seem like an inaccessible, off-puttingly jargon-laden subject. This is the guide you need! An entertaining and essential read at a time when understanding how our money, governments and banks interact has never felt more important. -- Laura Whateley, author of MONEY: A USER'S GUIDE