A million readers bought The Undercover Economist to understand how the economy works on a small scale in our everyday lives. Since then, the economy has become a topic of great discussion. Crises, austerity, protests, bonuses - all constantly make the headlines. But how does this big economic world really work? What would happen if we canceled everyone's debts? How is a job created? Will BRIC countries dominate the world? Answering - among other things - what will happen with the euro, why banks still pay record bonuses, and where government borrowing will lead us, in The Undercover Economist Strikes Back, Tim Harford returns with his characteristic clarity and humor to explain what is really happening - and what it means for us all.