Here’s a fantastic video that explains how an economy works:

At 30 minutes, it’s on the long side, but it covers everything from the basic building blocks of an economy to more complicated concepts like short-term and long-term debt cycles. (Since it’s on YouTube, you have the option to share or embed a certain section of the video by changing the start time.)

On a related note, be sure to check out our interview with Professor Mark Blyth (Brown University) on the 2008 financial crisis.