"An economist is someone who is good with numbers but does not have the personality to be an accountant" (Foreword).

"Indeed, it's hard to think of any political decisions, be they on social, tax and expenditure, international, agricultural, or national security issues, that do not have economic consequences" (Foreword).

"Even many of our political leaders could use a dose of Econ 101" (Foreword).

"...economy is the art of making the most of life." Economics is the study of how we do that" (Chapter 1. p. 4).

"Economics starts with one very important assumption: Individuals act to make themselves as well off as possible" (Chapter 1. p. 6).

"The real cost of something is what you must give up in order to get it, which is almost always more than just cash" (Chapter 1. p. 11).

"One powerful feature of a market economy is that it directs resources to their most productive use" (Chapter 1. p. 13).

"The...