Vidal's library


Title: The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car!
Author: Tim Harford
Publisher: Oxford University Press
Year: 2005
ISBN: 0195189779
Abstract: An economist's version of The Way Things Work, this engaging volume is part field guide to economics and part expose of the economic principles lurking behind daily events, explaining everything from traffic jams to high coffee prices. The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the United States to reveal how supermarkets, airlines, and coffee chains--to name just a few--are vacuuming money from our wallets. Harford punctures the myths surrounding some of today's biggest controversies, including the high cost of health-care; he reveals why certain environmental laws can put a smile on a landlord's face; and he explains why some industries can have high profits for innocent reasons, while in other industries something sinister is going on. Covering an array of economic concepts including scarce resources, market power, efficiency, price gouging, market failure, inside information, and game theory, Harford sheds light on how these forces shape our day-to-day lives, often without our knowing it. Showing us the world through the eyes of an economist, Tim Harford reveals that everyday events are intricate games of negotiations, contests of strength, and battles of wits. Written with a light touch and sly wit, The Undercover Economist turns "the dismal science" into a true delight.

Cited by 0  -  Google Scholar  -  ISBNdb  -  Amazon

@Book{harford05a,
  author =	 {Tim Harford},
  title =	 {The Undercover Economist: Exposing Why the Rich Are
                  Rich, the Poor Are Poor--and Why You Can Never Buy a
                  Decent Used Car!},
  publisher =	 {Oxford University Press},
  year =	 2005,
  abstract =	 {An economist's version of The Way Things Work, this
                  engaging volume is part field guide to economics and
                  part expose of the economic principles lurking
                  behind daily events, explaining everything from
                  traffic jams to high coffee prices. The Undercover
                  Economist is for anyone who's wondered why the gap
                  between rich and poor nations is so great, or why
                  they can't seem to find a decent second-hand car, or
                  how to outwit Starbucks. This book offers the hidden
                  story behind these and other questions, as economist
                  Tim Harford ranges from Africa, Asia, Europe, and of
                  course the United States to reveal how supermarkets,
                  airlines, and coffee chains--to name just a few--are
                  vacuuming money from our wallets. Harford punctures
                  the myths surrounding some of today's biggest
                  controversies, including the high cost of
                  health-care; he reveals why certain environmental
                  laws can put a smile on a landlord's face; and he
                  explains why some industries can have high profits
                  for innocent reasons, while in other industries
                  something sinister is going on. Covering an array of
                  economic concepts including scarce resources, market
                  power, efficiency, price gouging, market failure,
                  inside information, and game theory, Harford sheds
                  light on how these forces shape our day-to-day
                  lives, often without our knowing it. Showing us the
                  world through the eyes of an economist, Tim Harford
                  reveals that everyday events are intricate games of
                  negotiations, contests of strength, and battles of
                  wits. Written with a light touch and sly wit, The
                  Undercover Economist turns "the dismal science" into
                  a true delight.},
  keywords =     {economics},
  isbn = 	 {0195189779},
  cluster = 	 {10304768185640602689}
}
Last modified: Wed Mar 9 10:16:27 EST 2011