I'm Karim El-Ayoubi, the author of “Realonomics - How The Economy Really Works, And How We Can Fix It.” I studied Politics, Philosophy & Economics at Oxford, and when I entered the world of banking, I soon realised that economic theory did not match up to economic reality. When banks crashed the global economy in 2008, that should have caused a revolution in the teaching of economics.

I'm Karim El-Ayoubi, the author of “Realonomics - How The Economy Really Works, And How We Can Fix It.” I studied Politics, Philosophy & Economics at Oxford, and when I entered the world of banking, I soon realised that economic theory did not match up to economic reality. When banks crashed the global economy in 2008, that should have caused a revolution in the teaching of economics. When the Bank of England told economists in 2014 that banks create money, that, too, should have caused a revolution in the teaching of economics. Sadly, universities and government officials did not get the memo. I have always been a heretic at heart, and this heretic wants his revolution, because things do not have to remain as they are!