The Undercover Economist.

Tim Harford

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Who makes most money from the demand for cappuccinos early in the morning at Waterloo Station? Why is it impossible to get a foot on the property ladder? How does the Mafia make money from laundries when street gangs pushing drugs don't? Who really benefits from immigration? How can China, in just fifty years, go from the world's worst famine to one of the greatest economic revolutions of all time, lifting a million people out of poverty a month?

Looking at familiar situations in unfamiliar ways, THE UNDERCOVER ECONOMIST is a fresh explanation of the fundamental principles of the modern economy, illuminated by examples from the streets of London to the booming skyscrapers of Shanghai to the sleepy canals of Bruges. Leaving behind textbook jargon and equations, Tim Harford will reveal the games of signals and negotiations, contests of strength and battles of wit that drive not only the economy at large but the everyday choices we make.

What will you learn from this book

  1. Hidden Economic Forces: The book likely explores how economic principles influence and shape various aspects of our daily lives, even when those forces may not be immediately apparent.

  2. Microeconomics Insights: Expect insights into microeconomics—the study of individual choices and behaviors—and how it applies to decision-making in both personal and business contexts.

  3. Market Forces: Discussions on the role of market forces, supply and demand, and pricing mechanisms in determining outcomes in different scenarios.

  4. Incentives and Motivations: The book may discuss how incentives drive behavior, examining how people respond to different motivations and economic structures.

  5. Cost-Benefit Analysis: Insights into the concept of cost-benefit analysis and how individuals and businesses often make decisions based on weighing the perceived costs and benefits.

  6. Globalization and Trade: Discussions on globalization, international trade, and the interconnectedness of economies in a globalized world.

  7. Economic Policy: Considerations of the impact of economic policies, both at the macro and micro levels, on individuals and society.

  8. Behavioral Economics: The book might touch on insights from behavioral economics, exploring how psychological factors influence economic decision-making.

  9. Economic Experiments: Expect discussions on experiments and real-world examples that illustrate economic principles and their consequences.

  10. Practical Applications: Insights into how understanding basic economic concepts can empower individuals to make more informed decisions in various aspects of their lives.

Language English
ISBN-10 0349119856
ISBN-13 9780349119854
No of pages 278
Font Size Medium
Book Publisher Abacus
Published Date 03 May 2007

About Author

Author : Tim Harford

4 Books

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