Economics is all around us, essential to every aspect of our lives.

But just how much does the average person understand about what Economics is for, how it underpins crucial decisions taken every day and how it continues to evolve?

Step forward the Economist's guide to Economics, written with the clarity and wit for which the newspaper is renowned and featuring bite-sized overviews of the most important economic ideas, concepts and terms.

If you need to understand why a country's balance of payments is such a big deal, whether deflation is always a bad thing, or exactly why John Maynard Keynes or Milton Friedman were so influential, then dipping into this A-Z Guide will provide the answers.

Primer, glossary, dictionary and reference, this book offers everything you always wanted to know about Economics, but perhaps were afraid to ask.

An Economist Book, published in association with the Economist.