Levitt is a bright young economist (Harvard and MIT; recognized as one of the most influential economists under 40), who tries to solve every day riddles using economics, as a curious explorer wanting to know how the world really works.
Economics just doesn’t happen in class-rooms. It influences everything we do and see and can be easy and fun. Prof Frank asks his students, as part of their college project, to explain common enigmatic phenomenon using economics. The brilliant collection is a must read.
Over the past 50 years, $1 trillion has flown to Africa as aid but it still continues to be the poorest. Dambisa, born in Zambia, and with all her elite credentials (Harvard, Oxford, World bank, Goldman Sachs) says we need to move away from charity to ‘access to capital’.
Friedman travels to India, China and Middle East to see how the world is becoming more and more connected and ‘flat’ (meaning removal of entry barriers), and so competition and collaboration are both international.
The father of economics, Adam Smith, does a detailed inquiry into the nature and causes of the wealth of nations. The classic establishes the ‘invisible hand’ of capitalism which, when left alone, ensures efficiency and self-regulation.