The Undercover Economist

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9780349119854: The Undercover Economist

“The economy [isn’t] a bunch of rather dull statistics with names like GDP (gross domestic product),” notes Tim Harford, columnist and regular guest on NPR’s Marketplace, “economics is about who gets what and why.” In this acclaimed and riveting book–part exposé, part user’s manual–the astute and entertaining columnist from the Financial Times demystifies the ways in which money works in the world. From why the coffee in your cup costs so much to why efficiency is not necessarily the answer to ensuring a fair society, from improving health care to curing crosstown traffic–all the dirty little secrets of dollars and cents are delightfully revealed by The Undercover Economist.

“A rare specimen: a book on economics that will enthrall its readers . . . It brings the power of economics to life.”
–Steven D. Levitt, coauthor of Freakonomics

“A playful guide to the economics of everyday life, and as such is something of an elder sibling to Steven Levitt’s wild child, the hugely successful Freakonomics.”
The Economist

“A tour de force . . . If you need to be convinced of the everrelevant and fascinating nature of economics, read this insightful and witty book.”
–Jagdish Bhagwati, author of In Defense of Globalization

“This is a book to savor.”
The New York Times

“Harford writes like a dream. From his book I found out why there’s a Starbucks on every corner [and] how not to get duped in an auction. Reading The Undercover Economist is like spending an ordinary day wearing X-ray goggles.”
–David Bodanis, author of Electric Universe

“Much wit and wisdom.”
–The Houston Chronicle
From Publishers Weekly
Nattily packaged-the cover sports a Roy Lichtensteinesque image of an economist in Dick Tracy garb-and cleverly written, this book applies basic economic theory to such modern phenomena as Starbucks' pricing system and Microsoft's stock values. While the concepts explored are those encountered in Microeconomics 101, Harford gracefully explains abstruse ideas like pricing along the demand curve and game theory using real world examples without relying on graphs or jargon. The book addresses free market economic theory, but Harford is not a complete apologist for capitalism; he shows how companies from Amazon.com to Whole Foods to Starbucks have gouged consumers through guerrilla pricing techniques and explains the high rents in London (it has more to do with agriculture than one might think). Harford comes down soft on Chinese sweatshops, acknowledging "conditions in factories are terrible," but "sweatshops are better than the horrors that came before them, and a step on the road to something better." Perhaps, but Harford doesn't question whether communism or a capitalist-style industrial revolution are the only two choices available in modern economies. That aside, the book is unequaled in its accessibility and ability to show how free market economic forces affect readers' day-to-day.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From Bookmarks Magazine
Harford exposes the dark underbelly of capitalism in Undercover Economist. Compared with Steven Levitt’s and Stephen J. Dubner’s popular Freakonomics (*** July/Aug 2005), the book uses simple, playful examples (written in plain English) to elucidate complex economic theories. Critics agree that the book will grip readers interested in understanding free-market forces but disagree about Harford’s approach. Some thought the author mastered the small ideas while keeping in sight the larger context of globalization; others faulted Harford for failing to criticize certain economic theories and to ground his arguments in political, organizational structures. Either way, his case studies—some entertaining, others indicative of times to come—will make you think twice about that cup of coffee.
Copyright © 2004 Phillips & Nelson Media, Inc.

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From the Back Cover:

"The Undercover Economist is a rare specimen: a book on economics that will enthrall its readers. Beautifully written and argued, it brings the power of economics to life. This book should be required reading for every elected official, business leader, and university student." --Steven D. Levitt, author of Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

"Harford writes like a dream--and is also one of the leading economic thinkers of his generation. From his book I found out why there's a Starbucks on every corner, what Bob Geldof needs to learn to make development aid work properly, and how not to get duped in an auction. Reading The Undercover Economist is like spending an ordinary day wearing X-ray goggles." --David Bodanis, author of E=mc2 and Electric Universe

"If you need to be convinced of the ever-relevant and fascinating nature of economics, read this insightful and witty book by Tim Harford. Using one interesting example after another, The Undercover Economist demonstrates how economic reasoning -- often esoteric and dull, but totally accessible in Harford's hands -- helps illuminate the world around us. Indeed, Harford's book is a tour de force." --Jagdish Bhagwati, author of In Defense of Globalization

"As Tim Harford demonstrates brilliantly in this enjoyable book, the powerful underlying ideas of economics can, in the hands of the right person, illuminate every aspect of the world we inhabit." --Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, and author of Why Globalization Works

"Most people think economists are boring, opinionated and wrong. Tim Harford is often right, always opinionated, but never boring. He shows how economics can be used to illuminate our everyday lives. Whether you want an explanation of the price of a cup of coffee or of poverty in the third world, Harford has it all." --John Kay, author of Culture and Prosperity: The Truth About Markets

About the Author:

Tim Harford is an editorial writer at the Financial Times, where he also writes the newspaper’s “Dear Economist” column and “The Undercover Economist” column, which also appears in Slate. He lives in London.

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Tim Harford
Editorial: Little, Brown Book Group, United Kingdom (2007)
ISBN 10: 0349119856 ISBN 13: 9780349119854
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Descripción Little, Brown Book Group, United Kingdom, 2007. Paperback. Estado de conservación: New. Revised ed.. Language: English . Brand New Book. 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. Nº de ref. de la librería AA29780349119854

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Descripción Little, Brown Book Group, United Kingdom, 2007. Paperback. Estado de conservación: New. Revised ed.. Language: English . Brand New Book. 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. Nº de ref. de la librería AA29780349119854

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Descripción Abacus, 2007. Paperback. Estado de conservación: New. BRAND NEW COPY - PLEASE SEE OUR OTHER TITLES BY THIS AUTHOR - TRUSTED DEVON (UK) BASED SELLER - IN STOCK -. Nº de ref. de la librería mon0000372081

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Descripción Abacus 2007-05-03, 2007. Estado de conservación: New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Nº de ref. de la librería NU-BER-00065277

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Descripción Abacus 2007-05-03, 2007. Estado de conservación: New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Nº de ref. de la librería NU-GRD-00548730

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Tim Harford
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Descripción Abacus/Hachette, 2007. Softcover. Estado de conservación: New. 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. Printed Pages: 352. Nº de ref. de la librería 44578

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Descripción Abacus, 2007. Estado de conservación: New. 2007. Paperback. A brilliant and eye-opening explanation of the economics of everyday life - Britain's answer to FREAKONOMICS Num Pages: 384 pages. BIC Classification: KCY. Category: (G) General (US: Trade). Dimension: 195 x 125 x 25. Weight in Grams: 290. . . . . . . Nº de ref. de la librería V9780349119854

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Tim Harford
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Descripción Abacus, 2007. Estado de conservación: New. Nº de ref. de la librería EH9780349119854

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