Summary Of Tim Harford S The Undercover Economist Strikes Back

Please note: This is a companion version & not the original book. Sample Book Insights: #1 Many world leaders have studied economics, but most seem to be happy without a degree. #2 While economics can help you, actually running an economy requires much more than just that. John Maynard Keynes once argued that the master economist must possess a rare combination of gifts. #3 Until recently, governments have been trying to collect economic data for their own greedy purposes. But with the Great Depression, governments became serious about measuring the economy for the sake of fixing problems rather than grabbing a piece of the economic pie. #4 The GDP is the total value of all the stuff that is produced in the economy. It is measured in dollars and is about $70 trillion. All the smart phones and tablet computers, barrels of oil and kilowatt-hours of wind energy, haircuts and Brazilian waxes, and everything else produced in the entire world are collectively worth about $70 trillion a year.

A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist. Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does. Enter Financial Times columnist and bestselling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world’s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what’s really happening beyond today’s headlines, why all of us should care, and what we can do about it to understand it better.

In Tim Harford's new book The Undercover Economist Strikes Back, he sets out to explain how the whole world economy works. In this, the first chapter from the book, Harford provides a user's manual to show the nuts and bolts of what makes an economy tick. Readers should note that this ebook is just one chapter from the new book. The full book will be released on August 29. A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses - all are in the headlines all the time. But how does this large-scale economic world really work? Find out in The Undercover Economist Strikes Back.

In Tim Harford's new book The Undercover Economist Strikes Back, he sets out to explain how the whole world economy works. In this, the ninth chapter from the book, Harford looks at the importance of management in how economies function. Readers should note that this ebook is just one chapter from the new book. The full book will be released on August 29. A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses - all are in the headlines all the time. But how does this large-scale economic world really work? Find out in The Undercover Economist Strikes Back.

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 exposé 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.

In Tim Harford's new book The Undercover Economist Strikes Back, he sets out to explain how the whole world economy works. In this, the sixth chapter from the book, Harford shows what a recession in a prison camp can tell us about how classical economists think. Readers should note that this ebook is just one chapter from the new book. The full book will be released on August 29. A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses - all are in the headlines all the time. But how does this large-scale economic world really work? Find out in The Undercover Economist Strikes Back.

In Tim Harford's new book The Undercover Economist Strikes Back, he sets out to explain how the whole world economy works. In this, the second chapter from the book, Harford shows what we can learn from one particular recession that began in the early 1970s and was entirely created on Capitol Hill, the heart of American government. Readers should note that this ebook is just one chapter from the new book. The full book will be released on August 29. A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses - all are in the headlines all the time. But how does this large-scale economic world really work? Find out in The Undercover Economist Strikes Back.

Harford ranges from Africa, Asia, Europe, and of course the United States to reveal how supermarkets, airlines, health care providers, and coffee chains--to name just a few--are vacuuming money from our wallets.