Comprendre L'Economie: Ou Comment Les Economistes Pensent

Contrary to non-economists’ conventional opinions, economics has very little to do with money. What it is concerned with is choices and their social significance, inasmuch as money is merely one facet of reality and a convenient means of exchanging goods and services.This book explains the key elements of economic theory in as non-technical a language as possible. The uninitiated will learn about the notions of cost and preference, and the supply-demand and markets theory. Those readers who are already familiar with economics will have an opportunity to synthesize their knowledge. The author also invites them to grasp the deeper meaning of economics, its relevance to the events reported in the financial press, as well as its political implications. The economic efficiency concept is almost entirely based on individual preferences. How are such preferences aggregated or “added together” to arrive at collective preferences ? What sort of relations does the State have with matters concerning the “collective utility” ? This book explains the theories developed by economists in order to answer such complex questions.