Economics For The Curious

12 Nobel Laureates take readers on a tour of some of the everyday issues that can be explored using basic economic principles. Topics include how economic tools can be used to rebuild nations in the aftermath of a war; financing retirement as longevity increases and what governments should really be doing to boost the economy.

"One economist's reflections on the professional culture of economic theory"--

Economics expert Stewart Cowley distils the complexities of modern-day money and our relationship with it, explaining how you can use economics to your advantage and that understanding economics can improve your life. Along the way you will discover how the statistics that govern our world are based on guesswork, why stock markets are like a wandering drunken man, what you need to live like a millionaire, and why cooking has made man the dominant species on the planet. Where is all the money? How does a country go bust? Should I get paid in Bitcoin? Wherever you go, whatever you do, however you live your life, money plays a role. Getting it, keeping it, and making more out of it has been one of man’s major preoccupations for the past five thousand years. From buying a sandwich to earning a wage, going on holiday to playing the lottery, how money and economics governs our world is fascinating. And it’s just about to get more curious; the arrival of modern banking, crowd funding, investments at the touch of a smartphone, and virtual currencies means, for many of us, it is even more complex.

Some questions you never think to ask. Others, you didn't know you didn't know. And some facts are so surprising they cry out for answers. What can a president actually do? Why do cities sink into the ground? Why is Australia seemingly invulnerable to recessions? Why do people in couples do more housework than singletons? The brilliant minds of the Economist collect these questions. Individually, they might seem bite-sized and inconsequential, but taken together they can reveal a whole new world.

"A comprehensive integration of the fields of law and economics"--

Where is all the money? How does a country go bust? Should I get paid in Bitcoin? Wherever you go, whatever you do, however you live your life, money plays a role. Getting it, keeping it and making more out of it has been one of man’s major preoccupations for the past five thousand years. From buying a sandwich to earning a wage, going on holiday to playing the lottery, how money and economics governs our world is fascinating. And it’s just about to get more curious; the arrival of modern banking, crowd funding, investments at the touch of a smartphone and virtual currencies means, for many of us, it is even more complex. Stewart Cowley distils these complexities in this essential guide to modern-day money and our relationship with it. Along the way we discover how the statistics that govern our world are based on guesswork, why stock markets are like a wandering drunken man, what you need to live like a millionaire and why cooking has made man the dominant species on the planet. Man vs Money shows you how understanding a little more economics can improve your life.

The latest from Ian Leslie, the author of Born Liars, a Globe and Mail Top 100 Book, is a fascinating look at the human characteristic of curiosity — our extraordinary capacity to take pleasure in discovering, learning, and understanding. Curious shows how the practice of “deep curiosity” — persistent, self-reflective seeking of knowledge and insight — is key to the success of our careers, the happiness of our children, the strength of our relationships, and the progress of societies. But it also argues that it is a fragile quality, which wanes and waxes over time, and that we take it for granted at our peril. Ian Leslie proposes that the Internet is opening up a “curiosity gap,” by exacerbating the divide between those with a large cognitive appetite, and those happy knowing no more than they have to know; between the curious and the incurious. He draws on many sources and stories to illustrate his points: Benjamin Franklin at Portsmouth Harbour studying the effect of oil on choppy waters; a bored Galileo distracting himself in a Pisa cathedral by observing the swinging of a recently lit lamp; Leonardo da Vinci doodling ideas in his notebook; Google co-founder Larry Page’s thoughts on the perfect search engine; the invention of the microwave oven; the advantages of your local bookseller over Amazon’s algorithms; a reassessment of Donald Rumsfeld’s defense strategy, and many more. Rich, textured, and exciting, Curious is a new take on the most absorbing human trait of all.

Did you know that another 10cm of height boosts your income by thousands of dollars per year? Or that a boy born in January is nearly twice as likely to play first grade rugby league as a boy born in December? Or that natural disasters attract more foreign aid if they happen on a slow news day? And that a perfectly clean desk can be as inefficient as a messy one? Drawing on examples and data from across Australia, Andrew Leigh shows how economics can be used to illuminate what happens on the sporting field, in the stockmarket, and at work. Economics has things to say about AC/DC and Arthur Boyd, dating and dieting, Grange and Geelong, murder and poverty. Incentives matter, often in surprising ways and seemingly simple everyday activities can have unexpected outcomes. Insights from behavioural economics can also help us make better decisions. If you like fresh facts and provocative ideas, this is great train and weekend reading. You'll soon see the world and the people around you in a new light.