Finally I am done with this excellent book. I would recommend this book to anyone. You don’t need any economics or math background. It does an excellent job explaining the basic principles of economics in layman’s terms. As the sub title indicates, the book explains why rich countries are rich, poor countries are poor, and why you can never get a decent used car :). It also presents the problems of the US medi care system, why it is so inefficient, why it is not working. The book tells you why stores have sales, why tax on import is actually tax in export, why sweat shops are not neccesarily bad things. The book spends the last whole chapter on China’s economics reform in the recent three decades and why it is so successful.

All in all, this is a very well written book by a clever author. It is definitely worth reading no matter what your background is.