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The Armchair Economist: Economics and…
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The Armchair Economist: Economics and Everyday Life (original: 1993; edição: 2012)

de Steven E. Landsburg (Autor)

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6131029,868 (3.64)4
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, they'd have raised prices before the frost. Why don't 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 don't 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.… (mais)
Membro:angelaquigley
Título:The Armchair Economist: Economics and Everyday Life
Autores:Steven E. Landsburg (Autor)
Informação:Free Press (2012), Edition: Reissue, 336 pages
Coleções:Sua biblioteca
Avaliação:
Etiquetas:Economics, Non-Fiction

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The Armchair Economist: Economics and Everyday Life de Steven E. Landsburg (1993)

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I generally enjoy books that cover Economics topics for laymen, but I didn't like this one very much. The basics of the field are presented in a clear way, but the examples were often oversimplified to the point that they were distracting. His focus on economics isolated from all other aspects of society lead to him saying ridiculous things like, "taxes have no effect on the economy".
( )
  wishanem | May 27, 2021 |
reflections on human behavior from economist's point of view
  ritaer | Apr 18, 2021 |
"Guided by the right theory of cornflakes - which is that families buy cornflakes in order to eat them and won't buy more than they want to eat - he might have realized that letting the government do people's shopping would not make them any hungrier."

Amusing and though-provoking. Still, apparently it only takes five pages of economics to put me to sleep. ( )
  Pascale1812 | Apr 16, 2020 |
pages to note: pages 89-91 talks about "economics of safety"

Chapter 24 on Environmentalists was very good
p. 226 ritual of recycling
page 227: (top of page) I might be willing to pay $50 a year to preserve [lions]. If lions mean less to you than they do to me, I accept your difference and will not condemn you as a sinner.
p. 229 sacrifice some wilderness in exchange for the luxury of not having to sort your trash. ( )
  gaturbev | Dec 6, 2012 |
What I enjoyed most about this book was that the examples were so clear that I felt like I actually understood some of the basic principles of economy - and some of the things Mr. Landsburg said were very surprising to me. I also enjoyed his depiction of economists and how they are always trying to figure out the reasons behind problems that seem very simple on first glance (why does popcorn cost so much in the theater?). Very readable. ( )
  tjsjohanna | Oct 27, 2012 |
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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, they'd have raised prices before the frost. Why don't 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 don't 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.

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