Freak tended to ramble and explain how economics helped explain random things like drug-dealing cartels and cheating on standardized tests, Undercover has a planned narrative from start to finish and helps explain important things like why things cost what they do and how third world countries grow. Insightful reviews Brian: More entertaining, thoughtful, and relevant than Freakonomics. Written with a light touch and sly wit, The Undercover Economist turns 'the dismal science' into a true delight. 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. 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. 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. 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.

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. Tim Harford The Undercover Economist Title: The Undercover Economist Author: Tim Harford Format: Hardcover Language: English Pages: 276 Publisher:, 0 ISBN: 0195189779 Format: PDF / Kindle / ePub Size: 8.4 MB Download: allowedĭescription 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.

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