The Undercover Economist

The Undercover Economist

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

eBook - 2006
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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 h.
Publisher: Oxford ; New York : Oxford University Press, 2006
ISBN: 9780199726622
Characteristics: 1 online resource (x, 276 pages) : illustrations


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Jan 31, 2018

The author, Tim Harford, instead of list all of the equations, models and theories, who gives a point of view from a street corner café, supermarket shelves, and drugs for HIV/AIDS. He travels from Cameroon to China to discover economical issues or solutions. Why he had a Duvel beer at Antwerp, which can remind him its taste at Washington DC? Why a tropical juice at Wholefoods store is cheaper than at Safeway? Why the poor are poor, the rich are richer and richer? It is an easy reading buook, but it delivers very important concepts, and even gives out some economical solutions for our daily life. A joy to read it and learn from it. Wha is economics, that is about who gets what and why!

Jun 30, 2009

worthwhile read, the practical side of (micro) economics and how it explains market actions, chapter 5 on asymmetric information is quite insightful

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