"The Instant Economist" is a brief in-depth overview of basic economic concepts. The book centers around a young man who after college is told that his economics classes taught him nothing of economics. This man goes to see a professor friend of his father's, and learns everything everyone needs to know to have a simple understanding of economics.
The book starts with macroeconomics, with such concepts as inflation, unemployment, government spending, private spending, and savings and their relation to each other. The model used to express this relationship is a tub with two faucets, the tub representing unemployment and inflation, and the faucets representing spending and income in both the private and governmental sectors.…
