Those who haven't yet got a grip on how economics works could pick up more than a few crumbs from this tasty, myth-blowing little book, argues David Miles.
In this short, chatty and illuminating book, David Smith, economics editor of the Sunday Times, outlines some of the big issues in economics today. Along the way, he provides nice potted biographies of some of the giants of economics. But he does himself a disservice in suggesting that Free Lunch's main aim is as an aid to reading the financial pages of newspapers and in understanding the economic claims of politicians.
A more appropriate goal, and one that Smith goes a long way to achieving, is to show why a significant proportion of what is written in newspapers, and of economic 'arguments' by politicians, is misguided. He makes a good start on this in his opening chapter, where he takes a look at the housing market and along the way explodes, rather neatly, some of the more nonsensical myths about house prices.