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The Undercover Economist Strikes Back Book Summary By Tim Harford How to Run or Ruin an Economy

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Macroeconomics may seem far from our lives. However, when there is something wrong with a country’s macroeconomic indicators, everybody is deeply affected. Therefore, each of us must learn how macroeconomics works. This book does not use much terminology. It uses stories that everyone can understand in order to explain how macroeconomics functions, and helps us understand our lives through economic theories.

Tim Harford, known as “the most humorous figure of the century,” once worked at the World Bank and was a professor of economics at the University of Oxford. He also set up the “Dear Economist” column in the Financial Times. In the column, he often applied the latest economic theories to explain phenomena in our daily lives, and to reveal how the economy works. It has become one of the most popular columns in history.