A Little History of Economics by Niall Kishtainy

If you type the word “economics” on Google, lots of results will come out. Each result has the same meaning but has a different approach when it comes to explanation. The first thing you might think about is, what is Economics? Is it a plane sit? A mall sale? A new biodiversity in the ecosystem? The answer is, “no, it’s not a plane sit, not a mall sale and not a new biodiversity”… Luckily, our featured author who wrote our featured book, A Little History of Economics, Niall Kishtainy, put some of his time to explain the history and ideas of what Economics is all about.

Niall wrote “A Little History of Economics” and it’s been in the bestselling Economics, Biography & History and History. He also wrote The Economics Book (Big Ideas Simply Explained) and Economics in Minutes (In Minutes (Quercus)). Niall worked as a government economist and journalist in Africa and Middle East and is a guest teacher, department of economic history, London School of Economics.

No more long introduction, the wait is over! Below is Niall Kishtainy’s interview. Please enjoy reading, be inspired and feel free to share this with your friends!

Niall Kishtainy @niallkishtainy

Get to know the Author

Name: Niall Kishtainy

Background: Writer and economist

Favorite gadget: Laptop running Evernote to help me keep track of different bits of research.

Hobbies: Writing has taken over!

Interview

What is your recent book about?

A Little History of Economics tells of the ideas of the great economic thinkers alongside the historical events that shaped them.

What inspired you to write your book/s?

There’s a great thirst for economic knowledge, but at the same time, people feel daunted by economic jargon and statistics. An important aim of my writing is to make economic ideas accessible to all. I also want to help people see economics not just as a subject of maths, but as part of history.

What is the best chapter in your book people should read and why? 

The first chapter explains why economics is so important. Once they’ve read that one, I hope that they’ll want to read more!

If you could give one piece of financial advice to our readers, what would it be? 

When making financial decisions, try to be aware of knee-jerk responses. Behavioral economists call it ‘system 1’ thinking and it can lead people into all sorts of fallacies when dealing with money.

As an author, which book/s made the most impact on you? 

To the Finland Station by Edmund Wilson; A Supposedly Fun Thing I’ll Never do Again by David Foster Wallace

What would you like to ask the next author being interviewed?

How do you balance research and writing?

Bonus question from MIKE MICHALOWICZ:  Why did you become an author?

Writing is thinking and a way of engaging with the world: it’s only through trying to recreate my thoughts on paper that I find out what I really believe.

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There we go! Once again, to our dear readers, thank you very much for your continous support. Thank you for watching out for our weekly featured articles. To Niall Kishtainy, sir, thank you very much, too. Thank you for giving us some of your time. Thank you for being kind, for entertaining us… We really appreciate it sir!

 

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