Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg is one. The Armchair Economist by Steven E. Landsburg – Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes. In The Armchair Economist, Steven E. Landsburg shows how economic thinking illuminates the entire range of human behavior. But instead of focusing on the.
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And why would single diners tip waitstaff anonymously, with no one to impress? He supplies boatloads of both, and presents them very well.
The book aims to illustrate the thought process of economist, and in an indirectly way, the readers shall be able to glimpse and understand some fundamental theories in economics and what it is all about. The Armchair Economist revised and updated May Dec 09, Connor rated it it was ok.
The reason is that the threat of being killed in an accident is a powerful incentive to drive carefully. Low-calorie synthetic fats could increase the average weight of Americans.
How big is the effect in question? An interesting question remains. This review has been hidden because it contains spoilers.
I don’t know the number, but I would imagine armchaur if a suitably ludicrous offer was made for 40 acres in Marin, that love of nature could be quantified.
I can guarantee that any new reader to economics will be sucked into the topic after reading this book unless they flat-out reject these new ideas based on their original beliefs- which I find to be a very common flaw that humans tend to obtain as they solidify their views.
Landsburg made this book such a hard read I meant this positively to me, some the ideas or arguments carried in this book is overwhelmingly outrageous to what I know and understand perhaps I should say those I thought I know.
If I have a million millionaires, who each earn 10 million a year, and I tax 1 million from them and give it to the poor, I have not made my society richer in absolute monetary terms, but this completely ignores one of his other insightful claims.
This book was great and I hope to read some of his other books on economics and possibly some of his published columns in Slate magazine. I got fed up after five or so chapters in wconomist vein.
Why don’t firms require workers to buy their jobs? This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. Want to Read saving….
Humorous and well written, he describes much of the why of what we do. First, those parents who post signs are probably unusually cautious; they have fewer accidents just because they themselves are exceptionally careful drivers, independently of how their sign affects others.
Goodreads helps you keep track of books you want to read. The Armchair Economist is a wonderful little book, written by someone for whom English is a first and beloved language, and it contains not a single exonomist or equation Peltzman”s observations reveal that driving behavior is remarkably sensitive to changes in the driver”s environment.
Aug 26, Peterboh rated it it was amazing Shelves: A little knowledge is a notoriously dangerous thing, and when I read popular and clearly intentionally provocative economics treatises such as this book, I just have an overwhelming urge to argue with their authors. Landsburg Limited preview – The economist”s faith in the power of incentives serves him well, and he trusts it as a guide in unfamiliar territory.
It’s tone reminds me of the Black Swan, as author sounds condescending at times. It would all be very civilized. Skewers the religion of environmentalism. My colleague, Ron Baker, recommended Landsburg and others.
If you find it hard to believe that people drive less carefully when their cars are safer, consider the proposition that people drive more carefully when their cars are more dangerous.
Explains and the national debt and budget deficits very well. We all know how people like Copernicus and Galileo were treated when armcair suggested the same. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the ‘obvious’ exercise of monopoly power. Archived from the original on 24 September Nov 24, Tony Cohen rated it armchar it.
I wrote a book about game theory, one of the most important areas of mathematics with direct applications to economics.