I haven’t read these books that Amazon recommended to me via email today. But I hope that within the pages of these books the authors somewhere explain the economics of textbook publishing and why these books on the principles of economics cost an arm and a leg.
Thankfully in modern times, the principles of economics is accessible to many who can’t afford those prices. It’s all there on the web. And economics, I would argue, is the easiest subject to understand. Besides, it is more important for the general public to understand than many other subjects that are taught in schools. There is a much greater cost to being economically illiterate than to physics illiteracy. This is so because the general public’s economic illiteracy leads to flawed public policies. There are no practical negative consequences to thinking that the world is flat or that the sun goes around the earth. But there are enormous costs to believing that the government can fix economic problems.