The Armchair Economist: Economics and Everyday Life

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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 ...

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rodrogogo

Oct 23, 2008

Economics in simple words

The book has the most facinating economics principles told in a simple way, very introspective.

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