Title: The Undercover Economist
Author: Tim Harford
Publisher: Oxford University Pres USA
This popular economy book has sold massively by explaining the science and the numbers behind everyday situations. Better yet, it introduces the reader to a wealth of economics concepts without being mind-numbingly dull.
Who makes most money from the demand for cappuccinos early in the morning at Waterloo Station? Why is it impossible to get a foot on the property ladder? How do the Mafia make money from laundries when street gangs pushing drugs don't? Who really benefits from immigration? How can China, in just 50 years, go from devastating famine to one of the greatest economic revolutions of all time, lifting a million people out of poverty a month? Looking at familiar situations in unfamiliar ways, The Undercover Economist is a fresh explanation of the fundamental principles of the modern economy, illuminated by examples from the streets of London to the booming skyscrapers of Shanghai to the sleepy canals of Bruges. Leaving behind textbook jargon and equations, Tim Harford reveals the games of signals and negotiations, contests of strength and battles of wit that drive not only the economy at large but the everyday choices we make. ......