He also addresses classic economic problems--why is it hard to buy a used car? (Note: I don't know either! real-world solutions, and more. A grown up Freakonomics for those who care more about the world around them and less about narrow topics like baby names and drug dealers.The best bits are at the start (price targeting in coffee) and at the end (China's economic success). There are no any conventional ideas that can let you down or give you the feeling of reading a boring academic book. Perhaps if the subject had been taught this way, I would have retained and used a lot more of what I had studied.

continue to respect all commenters and create constructive debates. There are no comments yet - be the first to add your thoughts Tim did a great job revealing about Cameroon, Nepal, India and yeah China's economy. C. Mao Zedong True! Yet, perhaps you should, as it reveals crucial insights about our economy, and thus our lives.Even something as simple as a cappuccino is the result of the economy’s ability to bring many professions together.Imagine trying to make that cappuccino all by yourself. No, despite the analysis of railway station coffee outlets in Harford’s opening chapter, he had not also succumbed to the temptation to buy an expensive coffee. The heads of both the Federal Reserve and the Bank of England are professional economists.True, in the past some policies advocated by economists are plain silly. Our journalists will try to respond by joining the threads when The Undercover Economist, by Tim Harford Economists are not by nature folk heroes. Politicians seeking to help Africa should start about page 201.And why can't you buy a good used car? Please In The Undercover Economist Tim Harford deals with these as well as other economic issues that we encounter on a daily basis, often without being aware of it. {{#sender.isSelf}} Goodreads helps you keep track of books you want to read. His chapter on healI'm a sucker for pop books about economics, and this is the best of the breed -- better, even, than that NYT bestseller Freakonomics. His other bestselling books include Upgrade to Premium now and get unlimited access to the Blinkist library. Once you can identify the problem, then you can start to fix it. All professions have quacks, but economists have had one enormous triumph. Tim Harford uncovered issues such as: The “World of Truth”;Who Pays for Your Coffee? The book is generally easy to understand and have a subtle humorous tone which keeps you engaged. Every pop economics book that I've read have said something about China's rise, here there is a chapter dedicated to it.Read it as a re-introduction to a few economic concepts I was introduced to at business school. Harford laid out some economic principles, then showed their real-life application. What he really tells you is how awesome the world would be if it was run by economists and everybody always acted rationally, if by 'rationally' you mean the economics jargon of 'assigning a monetary value to every single action/object in life' and not the common usage of 'according to the rules of logic'. The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car! Our rating helps you sort the titles on your reading list from adequate (5) to brilliant (10). 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.

Harford is a great writer and manages to frame his topics in a way that is both highly relevant to real life while being simple enough that anyone can understand. He is also the only economist in the world to run a problem page, “Dear Economist”, in which FT readers’ personal problems are answered tongue-in-cheek with the lateTim Harford is a member of the Financial Times editorial board. 2 likes. But they have huge influence.

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