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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. |
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@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