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Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car! / Edition 1
     

Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car! / Edition 1

4.7 34
by Tim Harford
 

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ISBN-10: 0195189779

ISBN-13: 2900195189772

Pub. Date: 11/01/2005

Publisher: Oxford University Press

An international bestseller, The Undercover Economist is an entertaining and pain-free introduction to the key concepts of economics, by a popular Financial Times writer.

Exposing Why the Rich Are Rich, the Poor Are Poor – and Why You Can Never Buy a Decent Used Car!

Tim Harford’s bestselling debut is part field guide to

Overview

An international bestseller, The Undercover Economist is an entertaining and pain-free introduction to the key concepts of economics, by a popular Financial Times writer.

Exposing Why the Rich Are Rich, the Poor Are Poor – and Why You Can Never Buy a Decent Used Car!

Tim Harford’s bestselling debut is part field guide to economics and part exposé of the economic principles lurking behind daily events. Showing us the world through the eyes of an economist, Harford reveals that everyday events are in fact intricate games of negotiations, contests of strength, and battles of wits.

He explains:
-Why picking stocks is like picking a line in the supermarket
-The connection between a drunken frat party and getting stuck in traffic
-How coffee companies use fair trade products to skim money from customers

This book offers the hidden story behind these and other questions, as Harford reports back from Africa, Asia, Europe, and your local Starbucks. Written with a light touch and sly wit, The Undercover Economist turns
“the dismal science” into a true delight.

Product Details

ISBN-13:
2900195189772
Publisher:
Oxford University Press
Publication date:
11/01/2005
Edition description:
New Edition
Pages:
288

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The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor - and Why You Can Never Buy a Decent Used Car! 4.5 out of 5 based on 0 ratings. 10 reviews.
Guest More than 1 year ago
In this brief, cogent book, author Tim Harford provides an accessible, entertaining introduction to economic thinking. This deftly written report belongs on the shelf of anyone with an interest in economic matters - and as the author makes clear, everyone has an interest in economic matters. He deftly punctures the balloons of those who advocate fair trade coffee, protectionism, government-underwritten medical care and other such policies. These tactics may seem humane on the surface, but he contends that they often merely advance the selfish goals of the few at the expense of the many. If the book has a weakness, it is Harford¿s tendency to take certain points of political opinion for granted and to state them as moral choices without qualification or proof. For instance, he puts forth the admirable - though some would say questionable - notion that governments are obliged to cushion the shock of unemployment. That, however, is a quibble. We highly recommend this concise, comprehensive book.
Guest More than 1 year ago
The intriguing title does a fairly good job of hooking the reader and leads to a well thought book that attempts to explain in layman's terms why the world economy is the way it is. And the book does so by relating it to one's everyday experiences, not by spouting some pie-in-the-sky theory or equation. This book could easily be used as an introductory volume in any high school or college class, as it covers the most basic ideas of economics and extends them in an easy to follow manner.
Guest More than 1 year ago
The Undercover Economist is about using basic (micro) economic principles to understand the world around us. Few if any of Harford's ideas are new. Thus, those with significant training in economics may wish to pass on this book. Moreover, a couple of Harford's 'explanations' are better labeled as interesting but untested hypotheses. Nevertheless, the book is a pretty good read for those with little or no training in economics. It is mostly well written and thought provoking. For those looking for even better examples of how economics can be applied to everyday life, try Bruce Madariaga's 'Economics for Life', or David Friedman's somewhat more technical 'Hidden Order'.
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