Completely agree. Having never formally studied economics (not even at GCSE level) I've just about finished reading this book in preparation for my MSc Management this year. The 50 concepts are explained superficially but sufficiently. The book has certainly complemented my understanding of The Economist/FT articles and I can also understand a lot more of the economic/political discussions on TV. I'm also reading a book on the economics of modern China (titled 'Tigers head, snake tails' by Jonathan Fenby) and it has also helped my understanding of that.
(Original post by MagicNMedicine)
The book by Edmund Conway (Economics correspondent from Sky): 50 economics ideas you really need to know
is better than Freakonomics as an intro book. It doesn't go into much detail but it at least tells you what economic concepts are, so its a good primer for seeing if economics is likely to be the type of thing that will interest you.
As soon as I'm done with 50 economics ideas you really need to know I will start reading The Economist's 'Economics: Making Sense of the Modern Economy' by Saugato Datta, which is a slightly more advanced read and highly recommended from what I've gathered.
As for Freakonomics, steer clear of it if you are after a read that is mentally stimulating and will enhance your knowledge of economics. It is purely for entertainment and I personally found it a waste of time (although admittedly I proceeded to read its sequel Super Freakonomics).
All in all, 50 economics ideas you really need to know is great if you've never studied economics.
EDIT: In retrospect I wish I'd done a degree in Economics as opposed to Civil Engineering. Oh well.
Last edited by Summa Laude; 28-08-2012 at 21:41.