On this episode of Nootsworld, in his new book, The Street Economist, 15 economic lessons

everyone should know, Axel Kaiser offers basic lessons that should be a part of everyone's

education.

Crucial concepts such as prices, capital, supply and demand, labor, inflation, value and

innovation, among others, are explained in a way that is understandable to those of us

without economic backgrounds.

Amazingly, The Street Economist is already a bestseller in many countries, including Chile,

where it sold 50,000 copies in a year.

It is now being translated into five different languages.

Here to talk about his new book, I'm really pleased to welcome my guest, Axel Kaiser.

He is a Chilean German lawyer with a master in investments, commerce and arbitration.

Let me say first, thank you for doing this, I think it's very exciting.

Thank you very much for having me.

Axel has a remarkable background and it's really so extraordinary.

Would you share with us how you got to be where you are now?

I started reading a lot when I was a child growing up in southern Chile in Patagonia.

I went to German school, I then went to university and studied law in Santiago and I was always

a gracious reader and I then went for a master's degrees in PhDs in Germany and instead of

writing and winning essay contests everywhere in the United States, in Latin America, in Europe,

then I published on books that became very popular and bestselling books, basically.

I'm a columnist who is very important newspapers and then people started to invite me from

everywhere in the world.

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