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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At the same time, the regulations tend to increase the number of driver deaths by encouraging reckless behavior Which effect is the greater? Goodreads helps you keep track of books you want to read.

Nothing more and nothing less. I wrote a book about game theory, one of the most important areas of mathematics with direct applications to economics. Landsburg explains why the obvious answers are wrong, reveals better econonist, and illuminates the fundamental laws of human behavior along the way. Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians.

For the first time ever while reading an economics book, I felt like I understood the contempt held for the ‘dismal science’.

The Armchair Economist

Non-economists might gag that this activity has a value, but it does. The problem is to find a clever statistical technique to make all the necessary corrections. Why are some goods sold at auction and others at pre-announced prices? Feb 23, Daniel rated it it was amazing Shelves: Why do movie theater owners charge so much for popcorn, when they could make up the difference on the movie ticket itself? This is a book of surprises: Explains and the national debt and budget deficits very well.

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Armchair Economist: Economics & Everyday Life

Why do corporations confer huge pensions on failed executives? The result is more accidents. Choosing to drive faster or more recklessly is tantamount to choosing more accidents, at least in a probabilistic sense. But instead of focusing on the workings of financial markets, international trade, and other topics distant from the experience of most readers, Landsburg mines the details of daily life to reveal what the laws of economics tell us about ourselves.

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

Still think taxes don’t produce anything Mr Economist? I know drivers who find these signs insulting because of the implication that they do not already drive as carefully as possible. Laandsburg is perfectly rational to say, “I am willing to search for a cassette while driving if it leads to a one-in-a-million chance of death, but not if it leads to a one-in-a-thousand chance of death. Here is an example of actual post-coital dialogue between me and my girlfriend: Alchian confidently predicts that we would see a lot less tailgating.


Professor argues that a world run only on an economic basis would turn out bad or good things, but that the good or the bad outcome is minor.

Landsburg wields the tools of the economist’s tradeto solve these puzzles, often reaching conclusions that are at odds with our intuition. This book is great landsbugg anyone looking for, a sometimes complicateddescription of key economic ideas.

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Landsburg is a Professor of Economics at the University of Rochester. Here’s the catch, the winner will have to pay the smaller amount to the loser. When a sudden frost destroys lansburg of the Florida orange crop and prices skyrocket, journalists often point to “obvious” evidence of monopoly power.

The rest of the book includes expositions on a wide range of topics, including budget deficitunemployment, economic growth, and cost—benefit armchwir.

Why do concert promoters for acts that consistently sell-out choose to set prices lower than the maximum the market will bear? We all know how people like Copernicus and Galileo were treated when they suggested the same.

Now it’s very famous to protest against higher packages awarded to the senior management of the company. So yes, I’m a little obsessed.