This book contains a selection of the Wincott lectures, given by
eminent economists (including four Nobel laureates). Economists do
not always communicate their theories to the general public. But
all the contributors to this volume have achieved a perfect balance
between practical relevance and sound economic reasoning. For this
reason their lectures remain refreshing and fascinating. In
addition, with economic discourse becoming more and more
mathematically formulated, these lectures are a striking example of
how important concepts can be communicated simply. Every one of
these advances our understanding of the market economy and how it
relates to political decisions.
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