This book, written in The Economist's accessible style, aims to help readers understand the modern economy and how economic theory applies in real life. The content covers the unchanging laws of economics, addressing topics such as the global economy, the impact of globalization, America's trade deficit, central bankers' authority, and solutions for unemployment. Divided into four parts, the book delves into the case for globalization, the imbalances in the global economy, key players like China, Germany, and Japan, the role of finance and central banks in capitalism, and the practical applications and misconceptions of economics. This comprehensive guide provides insights based on enduring economic principles that are relevant today.