Economics for Everyone, Second Edition

A Short Guide to the Economics of Capitalism
June 20, 2015

Jim Stanford’s Economics for Everyone has quickly become a standard reference for economics literacy and popular education. Now published in 6 languages, the book is used in higher education, trade unions, and community education initiatives around the world. This new second edition has been completely revised and updated, with new statistics, cartoons, and anecdotes. The book also includes several all-new chapters – on inequality, on racism and discrimination, and on the lasting consequences of the 2008-09 global financial crisis.

Economics for Everyone is an antidote to the confusing and ideological way that economics is normally taught and reported. Stanford argues that economics is usually presented in a needlessly abstract and technical manner, but in reality anyone who works and struggles to balance their chequebook is an expert on the “economics of everyday life.” Chapters explain the basic working of the capitalist economy, later adding more complete descriptions of the financial industry, the natural environment, government, and globalization. The book concludes with a thorough evaluation and critique of existing capitalism, and presents ideas for changing it.

This concise and readable book provides non-specialist readers with all the information they need to understand how capitalism works (and how it doesn’t). The book will appeal to those working for a fairer world, and students of social sciences who need to engage with economics. It is written by Jim Stanford, one of Canada’s best-known economists, illustrated with humorous and educational cartoons by Tony Biddle, and is supported with a comprehensive set of web-based course materials for popular economics courses.

For more information about this book, and to access related resources and course materials, visit