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The Undercover Economist, Revised and Updated Edition - Exposing Why the Rich Are Rich, the Poor Are Poor - And Why You Can Never Buy a Decent Used Car! (Hardcover, Revised, Updated ed.)
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The Undercover Economist, Revised and Updated Edition - Exposing Why the Rich Are Rich, the Poor Are Poor - And Why You Can Never Buy a Decent Used Car! (Hardcover, Revised, Updated ed.)
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Total price: R725
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With over one million copies sold, The Undercover Economist has
been hailed worldwide as a fantastic guide to the fundamental
principles of economics. An economist's version of The Way Things
Work, this engaging volume is part Economics 101 and part expose of
the economic principles lurking behind daily events, explaining
everything from traffic jams to high coffee prices.
New to this edition This revised edition, newly updated to consider
the banking crisis and economic turbulence of the last four years,
is essential for anyone who has 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. Senior
columnist for the Financial Times Tim Harford brings his experience
and insight as he ranges from Africa, Asia, Europe, and 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."
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