The Armchair Economist: Economics & Everyday Life by Steven E. Landsburg (Englis

Description: FREE SHIPPING UK WIDE The Armchair Economist by Steven E. Landsburg Synopsis coming soon....... FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Air bags cause accidents, because well-protected drivers take more risks. 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. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The obvious answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the obvious exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, theyd have raised prices before the frost. Why dont concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why dont firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it. Notes The extensively revised and updated edition of Steven Landsburgs hugely popular book, with 25%-30% new material. First published in 1993, the book attracted a large and devoted following. Back Cover The extensively revised and updated edition of Steven Landsburgs hugely popular book. Steven E. Landsburg is well known for revealing the laws of economics that underlie our everyday experience and illuminate the entire range of human behavior. When cars are made safer, drivers become more reckless and accident rates go up. When a supply interruption causes gas prices to skyrocket, journalists point to the obvious exercise of monopoly power. Economists see just the opposite: If oil companies had monopoly power, prices would have been higher all along. First published in 1993, The Armchair Economist attracted a large and devoted following. Now, almost twenty years later, this new edition includes contemporary applications of the eternal ideas of economic theory, firmly placing the books emphasis on todays concerns, including political strategies, interest rates, government deficits, Internet scams, the local foods movement, and the prices of everything from gasoline to college tuition. Several chapters have been rewritten from scratch to incorporate new material and new explanations of eternal ideas. Throughout, the basic principles of economics continue to surprise, delight, and edify. Author Biography Steven E. Landsburg is a Professor of Economics at the University of Rochester. He is the author of The Armchair Economist, Fair Play, More Sex is Safer Sex, The Big Questions, two textbooks in economics, a forthcoming textbook on general relativity and cosmology, and over 30 journal articles in mathematics, economics and philosophy. Review "This new edition of "The Armchair Economist" is a wide-ranging, easily digested, unbelievably contrarian survey of everything from why popcorn at movie houses costs so much to why recycling may actually reduce the number of trees on the planet. Landsburg valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy." - Joe Queenan Details ISBN1471101312 Year 2012 ISBN-10 1471101312 ISBN-13 9781471101311 Media Book Pages 336 Publisher Simon & Schuster Ltd Subtitle Economics & Everyday Life Place of Publication London Country of Publication United Kingdom DEWEY 306.3 Language English Edition Re-issue Imprint Simon & Schuster Ltd Format Paperback Short Title The Armchair Economist UK Release Date 2012-05-10 NZ Release Date 2012-05-10 AU Release Date 2012-05-31 Author Steven E. Landsburg Edition Description Reissue Publication Date 2012-05-10 Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. SECURE PAYMENT Peace of mind by paying through PayPal and eBay Buyer Protection TheNile_Item_ID:44155750;

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