Undercover Economist Exposing Why the Rich Are Rich, the Poor Are Poor - And Why You Can Never Buy a Decent Used Car!

ISBN-10: 0195189779
ISBN-13: 9780195189773
Edition: 2005
Authors: Tim Harford
List price: $35.00
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Description: 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  More...

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Book details

List price: $35.00
Copyright year: 2005
Publisher: Oxford University Press, Incorporated
Publication date: 11/1/2005
Binding: Hardcover
Pages: 288
Size: 6.50" wide x 9.50" long x 1.25" tall
Weight: 0.682
Language: English

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.

Tim Harford is the author of The Undercover Economist, The Logic of Life, and Adapt. He writes two columns for the Financial Times, and his work has appeared in The New York Times, Forbes, Esquire, Parade, New York, and Wired. He lives with his family in Oxford.

Introduction
Who Pays for Your Coffee?
What Supermarkets Don't Want You to Know
Perfect Markets and the "World of Truth"
Crosstown Traffic
The Inside Story
Rational Insanity
The Men Who Knew the Value of Nothing
Why Poor Countries Are Poor
Beer, Fries, and Globalization
How China Grew Rich
Notes
Index

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