Tim Harford The Undercover Economist Title: The Undercover Economist Author: Tim Harford Format: Hardcover Language: English Pages: 276 Publisher: , 0 ISBN: 0195189779 Format: PDF / Kindle / ePub Size: 8.4 MB Download: allowed
Description An economist's version of The Way Things Work, this engaging volume is part field guide to economics and part expose of the economic principles lurking behind daily events, explaining everything from traffic jams to high coffee prices. The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the United States to reveal how supermarkets, airlines, and coffee chains--to name just a few--are vacuuming money from our wallets. Harford punctures the myths surrounding some of today's biggest controversies, including the high cost of health-care; he reveals why certain environmental laws can put a smile on a landlord's face; and he explains why some industries can have high profits for innocent reasons, while in other industries something sinister is going on. Covering an array of economic concepts including scarce resources, market power, efficiency, price gouging, market failure, inside information, and game theory, Harford sheds light on how these forces shape our day-to-day lives, often without our knowing it. Showing us the world through the eyes of an economist, Tim Harford reveals that everyday events are intricate games of negotiations, contests of strength, and battles of wits. Written with a light touch and sly wit, The Undercover Economist turns "the dismal science" into a true delight.
Insightful reviews Brian: More entertaining, thoughtful, and relevant than Freakonomics. Freak tended to ramble and explain how economics helped explain random things like drug-dealing cartels and cheating on standardized tests, Undercover has a planned narrative from start to finish and helps explain important things like why things cost what they do and how third world countries grow. It's admittedly a pro-free markets tome, which shows through in the international development chapter, but soundly addresses a number of social conerns like health care and the environment. Septri Lediana: Bagi para penggumul ilmu ekonomi orang-orang biasa merupakan orang-orang istimewa. Semua hal yang disajikan para pelaku ekonomi dengan berbagai trik sistem ekonomi dan melibatkan orang biasa disajikan dengan kompleksitas system yang rumit. Sehingga sebisa mungkin para pelaku ekonomi itu memperoleh keuntungan yang besar dari sistem tersebut. Kebanyakan orang biasa tak mengetahui permainan trik di balik pilihan dan sikap konsumtif mereka. Tim Harford menulis buku yang tergolong The Sunday Times Best Seller ini untuk membantu orang biasa menjadi konsumen yang lebih bijak sekaligus pemilih bijak yang mampu melihat kebenaran cerita yang dijual para pelaku ekonomi dan politikus. Ia menjelaskan pergumulan trik ekonomi dengan sistem yang kompleks itu dengan contohcontoh sederhana. Misalnya untuk menjelaskan mengapa ada gerai kopi yang memiliki pembeli
sangat banyak padahal menjual kopi dengan harga yang sangat jauh lebih mahal dari gerai kopi lainnya. Para penggumul ilmu ekonomi kebanyakan mungkin akan menjawab pertanyaan ini dengan penjelasan : hal ini dikarenakan mereka mampu membayar biaya tinggi yang harus dikeluarkan untuk menjalankan retail outlet di lokasi-lokasi unggulan dengan laju perputaran yang signifikan. Orang-orang biasa mungkin akan mengerutkan dahi membaca penjelasan ini. Tim Harford menjelaskannya dengan detail dan sederhana. Di setiap stasiun besar di kota-kota besar terdapat gerai kopi di tempat yang paling mudah dijangkau oran-orang yang super sibuk dan tidak memiliki banyak waktu luang. Sebut saja kedai kopi Cosi di Stasiun metro dupont circle Washington, seattle coffee roasters di penn station New york, starbuks di Shinjuku station Tokyo dan kedai kopi AMT di station waterloo London. Gerai-gerai kopi ini berada di tempat yang paling efesien dan paling mudah dicapai orang-orang sibuk yang ingin mendapatkan kopi dengan secepat mungkin tanpa harus berjalan jauh. Letak kedai kopi inilah, salah satunya kedai kopi AMT di waterloo station yang menjadi faktor paling menguntungkan. Bukan hanya karena terletak di rute paling efisien dari peron menuju pintu keluar utama stasiun, tetapi karena tidak ada kedai kopi lain di rute tersebut. Maka tidak mengherankan bisnis merea sukses besar. Di sinilah pola kuasa kelangkaan (the power scarcity) bermain. Dalam kasus bisnis gerai kopi ini terdapat dua pola kuasa kelangkaan yang bermain. Pertama, AMT memiliki kekuasaan untuk menetapkan harga tinggi karena lokasi kedai kopinya tergolong langka. Kedua, network rail_yang memiliki lokasi_memiliki kekuasaan untuk menetapkan harga sewa yang tinggi karena lokasi yang tersedia hanya satu sementara perusahaan yang berminat menggunakannya untuk berjualan kopi cukup banyak. Adanya pola kuasa kelangkaan inilah yang membuat pembeli harus membeli jauh lebih mahal. Pola kuasa kelangkaan ini pulalah yang bermain dalam kasus tingginya harga gandum di Inggris. Kelangkaan lahan subur membuat para penyewa lahan subur memiliki kekuasaan untuk menyewakan lahan dengan sangat tinggi. Sementara penyewa mau tidak mau rela membayar harga tinggi untuk lahan subur yang semakin sedikit. Hal ini menjadi salah satu faktor yang menyebabkan tingginya harga gandum. Selain itu juga dipicu kebijakan pemerintah di sana yang melarang pertanian di daerah yang kurang subur. Hal ini semakin menyebabkan sewa lahan subur semakin mahal karena tidak ada pilihan lain yang dapat dipilih penyewa. Untuk satu kasus ekonomi terkadang banyak pola terjadi dan melibatkan banyak pihak. Bukan hanya perilaku konsumennya, permainan di antara pelaku ekonomi yang terlibat. Namun, juga kebijakan pemerintah yang menyinggungnya. Buku ini mencoba menjelaskannya.
Emily: Okay, so it's no Freakonomics. It's not nearly as readable or as wowing. However, I learned a lot and I've found myself reporting on things from this book in conversation a lot lately. Ask me about my "comparative advantage" and see for yourself. There's a lot of food for thought here. I'm not an economist and I don't get a LOT of what this guy is talking about a lot of the time - but
I got it some of the time, so his efforts at creating an accessible piece of economic writing are not in vain. I did furrow my brow in confusion quite a bit but my brow usually unfurrowed sooner or later as I read so the furrowing was worth it. It's kind of nice to be so completely out of my own element. I'm not sure I agree with him on a lot of his major points but I wouldn't know how to begin to refute his seemingly airtight arguments. I want to read the book that another economist would write in response to this one because I'm certainly not going to go become an economist just so I can argue with this guy! Marlowe: the simplest bits are first and foremost (price concentrating on in coffee) and on the finish (China's monetary success). Best-selling, yet no longer quite brilliany by means of any means. The book's luck - as it truly is writer may perhaps testify - is perhaps all the way down to the provision and insist ratio for economics books that are not bloody dull. Simon Howard: It takes a different type of attempt to be so at the back of the days that I’m reviewing The Undercover Economist greater than 3 years after it used to be published, regardless of having it on my “must read” checklist for many of that time. As partial to Tim Harford’s contributions to the monetary instances and his presentation of extra or Less, I had nice expectancies for this publication – and that i wasn’t disappointed.The Undercover Economist seeks to provide an explanation for the commercial theories underpinning daily life, from paying for a espresso to purchasing in a supermarket. i used to be passingly conversant in lots of the theories being discussed, as i might think that almost all humans may be, yet Harford does an outstanding task of fleshing out the details, equipping the reader with fiscal vocabulary, and displaying how the theories paintings in daily situations.Harford is obviously a superb writer, and the ebook zips alongside at a good lick for the main part. There are, however, a few components that drag a little. Occasionally, Harford is going to a few lengths to give an explanation for an analogous theories many times in numerous events in a fashion that turns into a bit repetitive and pointless in parts. I occasionally felt just like the pace of the repeated factors used to be a bit slow, as if i used to be a way prior to the book. This was once a piece frustrating. yet it’s no longer an immense issue. i assume what I’m asserting is well-abridged model of the e-book will be no undesirable thing.There also are bits of the publication the place i think like Harford strays a bit too a ways into touching on a specific element of view, instead of taking off the broader photo as i'd anticipate from a booklet like this. i'm truly drawn to Harford’s reviews on globalisation, for example, yet don’t imagine that this can be inevitably where to speak his standpoint (almost) exclusively. I felt little extra stability might were welcome during this introductory book.But those are niggles. Economics is frequently portrayed as dry and theoretical, and The Undercover Economist exhibits it to be something but. It sheds gentle at the fiscal judgements all of us make everyday, and how that we're economically manipulated by way of businesses and governments – for larger or worse. it truly is soaking up and relaxing – no longer phrases that inevitably are evoked for books approximately this actual topic matter.So when there have been a few tough edges, I loved The Undercover Economist. and maybe the easiest i will say is that the sequel is on my “must read” list… and that i imagine I’ll get to it a while ahead of 2017!This overview was once initially released on my blog, at http://sjhoward.co.uk/archive/2014/01... Sara Alruwaitea: ???? ???? ???? ???????? ????? ??????? ??? ????? ????? ?? ???????? ?????? ????? ???? ???? ???? ????????????? ??? ??????? ????? ???? ???? ?? ????.. ??? ???? ?????
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