The extensively revised and updated edition of Steven Landsburg’s hugely popular book, The Armchair Economist—“a delightful compendium of quotidian examples illustrating important economic and financial theories” (The Journal of Finance).
In this revised and updated edition of Steven Landsburg’s hugely popular book, he applies economic theory to today’s most pressing concerns, answering a diverse range of daring questions, such as:
Why are seat belts deadly?
Why do celebrity endorsements sell products?
Why are failed executives paid so much?
Who should bear the cost of oil spills?
Do government deficits matter?
How is workplace safety bad for workers?
What’s wrong with the local foods movement?
Which rich people can’t be taxed?
Why is rising unemployment sometimes good?
Why do women pay more at the dry cleaner?
Why is life full of disappointments?
Whether these are nagging questions you’ve always had, or ones you never even thought to ask, this new edition of The Armchair Economist turns the eternal ideas of economic theory into concrete answers that you can use to navigate the challenges of contemporary life.
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Most Helpful Customer Reviews
I liked the structure - simple questions thought about using principles of economics. Unfortunately, almost every time his final conclusion seemed arbitrary. I could always apply one of his rules one more time and reach another conclusion. He also couldn't help throwing in some snotty comments about how stupid everybody else is. Trying to get myself educated on economics recently, I read a series of books. This one wasn't so good. I would instead recommend 'New Ideas for Dead Economists'
Clear-headed thinking may lead you to conclusions that are against your gut instincts! Then you would have to debate whether your gut instincts are correct, or whether logic is correct. Steve and his lunch group really points out things I had thought incorrectly, and that leads to interesting (and amusing consequences). The book is complex because there is a lot of thinking involved, but simple because the conclusions are powerful once the arguments are mastered. I like how corns turn into foreign cars--I agree that the analogy is a powerful one.