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The Economics Book

in: Economics
Summary:

The book presents a comprehensive overview of economic theories and ideas from ancient times to the modern day, explained through accessible summaries and illustrated with engaging graphics. It covers key economists and their contributions, fundamental economic principles, and the evolution of economic thought across different historical periods.

Key points:

1. The Invisible Hand: Adam Smith's theory that self-interest can benefit society. It's the basis for free market economies where prices are set by supply and demand, not government.

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