Logic of Life The Rational Economics of an Irrational World

ISBN-10: 0812977874
ISBN-13: 9780812977875
Edition: N/A
Authors: Tim Harford
List price: $15.00 Buy it from $3.00
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Description: Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods  More...

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Book details

List price: $15.00
Publisher: Random House Publishing Group
Publication date: 2/10/2009
Binding: Paperback
Pages: 272
Size: 5.25" wide x 8.00" long x 0.50" tall
Weight: 0.396
Language: English

Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questionsand you might be surprised to hear the answers coming from an economist. But Tim Harford, award-winning journalist and author of the bestseller The Undercover Economist, likes to spring surprises. In this deftly reasoned book, Harford argues that life is logical after all. Under the surface of everyday insanity, hidden incentives are at work, and Harford shows these incentives emerging in the most unlikely places. Using tools ranging from animal experiments to supercomputer simulations, an ambitious new breed of economist is trying to unlock the secrets of society.The Logic of Lifeis the first book to map out the astonishing insights and frustrating blind spots of this new economics in a way that anyone can enjoy. The Logic of Lifepresents an X-ray image of human life, stripping away the surface to show us a picture that is revealing, enthralling, and sometimes disturbing. The stories that emerge are not about data or equations but about people: the athlete who survived a shocking murder attempt, the computer geek who beat the hard-bitten poker pros, the economist who defied Henry Kissinger and faked an invasion of Berlin, the king who tried to buy off a revolution. Once you've read this quotable and addictive book, life will never look the same again. From the Hardcover edition.

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.

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