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So You Want To Know About Economics Paperback – 10 February 2017

4.5 out of 5 stars 415 ratings

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From the Publisher

1. Economics is important because it is really the study of how the world thinks and works! See, economists are really psychologists in disguise—they have looked into the deepest, darkest recesses of the human heart and discovered that all of us are essentially selfish beings at the core. But if every person is doing selfish things that only benefit him or her, how come society is doing more or less okay? Economists believe they have the answer to that Big Question, and they spend their lives figuring out how to arrange things in the world so that society benefits while people go on doing their selfish things.

2. Economists are really superheroes fighting for a fairer world! One of their lives’ Big Challenges is to figure out the best ways to share the world’s limited resources (like minerals, metals, oil, human labour, time, energy or money) amongst people who have unlimited needs, in ways that are as moral and ethical as possible. They constantly obsess over how to make things somewhat equitable for everyone—the rich and the poor, developed countries and developing countries, the healthy and the sick, and the old and the young, so that both sides benefit. They look at every problem from more than one point of view, and then they present all the different views, so that people can make the right choice for themselves.*

*Economists are so particular about looking at every problem from all sides that it often feels like they never have a firm opinion on anything. That can get pretty frustrating when you are asking them for advice. Harry Truman, the 33rd President of the United States, once famously requested to be sent a ‘one-armed economist’, because he was so tired of hearing every economist say, ‘On the one hand, this,’ and ‘On the other hand, that’.

3. Economists are closet environmentalists. Just like environmentalists, they are constantly trying to understand how we, the 7 billion people that inhabit this planet, can get the most out of what the universe gives us for free—sunlit skies, clean air, flowing rivers, lush forests—without mindlessly destroying it and ruining things for ourselves. The two groups have very different ideas on how to make this happen, though.

4. Economists are wizards who make magical things happen with numbers. They have shown, time and again, that when, say, a billion people work together, the sum of their individual efforts is far greater than what it is supposed to be.

5. And by the way, if someone told you they didn’t think about Economics at all, they don’t know what they’re talking about, because everyone is thinking Economics all the time, even if they don’t realize it. Every time you go into a supermarket and find your favourite breakfast cereal, you are benefiting from the Economics of a free market, which makes sure that everything the consumer wants (and some stuff that she doesn’t even know she wants!) is available easily to her. Every time you scarf down a dosa at your local South Indian café, you are helping the economy of your neighbourhood grow. Every time you pay for a plastic bag in a store because you neglected to bring your own from home, you are participating in the fight for a cleaner, less toxic world (who do you think came up with the idea to have people pay for plastic bags so that they eventually use less of them? An economist!). So there!

By now, you are convinced that your manic-eyed interviewee is either wilfully exaggerating or has a couple of screws loose. But admit it, either way, your interest has been piqued.

So stick around and listen in while we talk about Economics. I’m betting you’ll be glad you did.

Product description

About the Author

Roopa Pai is a computer engineer who always knew she was going to write for children. She is the author of Taranauts, India’s first fantasy fantasy adventure series for children and has several other published books to her credit. To make a living, she brings together three other loves - history, working with young people and her home town Bangalore - in her day job as a guide with Bangalore Walks, a history and heritage walks and tours company. She is the author of the Gita for Children.

Product details

  • Publisher ‏ : ‎ Rupa Publications India (10 February 2017)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 176 pages
  • ISBN-10 ‏ : ‎ 8129145197
  • ISBN-13 ‏ : ‎ 978-8129145192
  • Reading age ‏ : ‎ 12 - 16 years
  • Item Weight ‏ : ‎ 195 g
  • Dimensions ‏ : ‎ 12.95 x 0.99 x 19.79 cm
  • Country of Origin ‏ : ‎ India
  • Customer Reviews:
    4.5 out of 5 stars 415 ratings

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Customer reviews

4.5 out of 5 stars
4.5 out of 5
415 global ratings
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Top reviews from India

Reviewed in India on 1 December 2018
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4.0 out of 5 stars Written for children....rather a good book!
By Ramesh Singh on 1 December 2018
A good book for children to learn the workings of modern economic system. But there are certain things which needs to be shared with:
1. Nowhere it is highlighted that the book is 'specially' written for children (children are the target readers is clear by the texts on the pages 67, 69, 101, 109, 113, 117, 141 and 152). It should have been highlighted by the publishers on the FRONT as well as BACK pages (better in the endorsement of Raghuram Rajan itself). It seems a case of 'businessman-ship' by the Red Turtle.
2. Endorsement by an economist of international repute (that too Raghuram Rajan) creates a 'false' sense as if it has been written for grow-ups! Such a heavyweight endorsement looks for creating just a hype to enhance sales of the book. Rather such a 'huge' endorsement was not needed. Roopa Pai is already among the largest selling writer and well known name for children books by now!
3. It has some incorrect information also such as banks borrows from RBI to lend to its customers. Rather banks borrow from RBI for not to promote the cause of their normal lending but in cases of emergency (RBI is 'bank of last resort' for other banks operating in the country).
4. Writer directly uses the term 'invest' (on page 145) without giving any idea to the reader as what is 'investment' (putting money in productive assets).
5. Writing on the MRP (page 65) is not clear enough to make children (its target readers) comprehend it.

But overall a good attempt by the writer to bring economic across to a wider readership that too the children. Rupa's 'Red Turtle' is doing commendable job by promoting such writings. Good luck!
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39 people found this helpful
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Reviewed in India on 24 May 2018
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5.0 out of 5 stars Simple and straightforward
By Amazon Customer on 24 May 2018
I was always scared of economics because I never understood the topic. I ordered this book being an adult, to fight my fear n understand something. And trust me, the basics are so well explained. A must buy if you ever wanted to learn economics in a simple language while in school but could not.
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Reviewed in India on 10 January 2019
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11 people found this helpful
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Reviewed in India on 10 September 2018
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4.0 out of 5 stars Economics: from earlier foe to now a friend
By B R 7 on 10 September 2018
No more haunting experience from economics now.
Must give it a try if you wanna know some key basics of economics. Obviously, this book is not everything about economics, but it gives you a picturesque of how economy of nations work. After developing a taste in economincs one can go for in-depth study if one wants.
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5 people found this helpful
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Reviewed in India on 20 April 2019
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2 people found this helpful
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Reviewed in India on 13 December 2019
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One person found this helpful
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Reviewed in India on 27 March 2019
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Reviewed in India on 8 November 2019
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