April 17, 2006
"The Undercover Economist" by Tim Harford
I recently finished "The Undercover Economist: Exposing Why the Rich are Rich, the Poor are Poor – and Why You can Never Buy a Decent Used Car!" by Tim Harford. Harford writes the “Dear Economist” column for the Financial Times and has worked previously at the World Bank, Shell, and Oxford University. This book is written in a very casual style, so it feels like you are having a conversation about economics with a professor over a cup of coffee, instead listening to a lecture or reading a textbook. Harford explains economic concepts like marginal rent, price targeting, and scarcity, but his examples are things most people can relate to, such as the price of coffee at Starbucks or an apartment overlooking Central Park.
Pam M., Reserves
Posted by jnardine at April 17, 2006 09:33 AM