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The Logic of Life : Uncovering the New Economics of Everything

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Economics of rational choice theory made accessible.

"The Logic of Life" is a great read because it explains how economics can be applied to decision-making in all aspects of life, from personal choices to societal issues. Author Tim Harford uses engaging stories and characters to illustrate how rational choice theory can be used to understand drug addiction, teenage crime, suburban sprawl, office politics, and more. This book is perfect for those interested in understanding how economics can explain the world around us.

Sale

The Logic of Life : Uncovering the New Economics of Everything

Regular price RM72.48 MYR RM50.72 MYR 30% off
Unit price
per
ISBN: 9780316027564
Estimated First-hand Retail Price: RM141.60 MYR
Authors: Tim Harford
Publisher: Random House Inc
Date of Publication: 2008-01-25
Format: Hardcover
Goodreads rating: 3.81
(rated by 5701 readers)

Description

THE UNDERCOVER ECONOMIST showed how ordinary economics explained everyday curiosities, such as the price of a cup of coffee and the traffic jam on the way to the supermarket. THE LOGIC OF LIFE shows how the new economics of rational choice theory explains much, much more.Drug addicts and teenage muggers can be rational. Suburban sprawl and inner city decay are rational. Endless meetings at the office and the injustices of working life? Rational. Economics explains why your boss is overpaid, whether we should build more prisons, and whether a city like New Orleans can recover from disaster.THE LOGIC OF LIFE introduces you to engaging stories and characters linked together in a bold narrative sweep. The book starts with the most intimate decisions - to have sex, to take drugs, to lead an honest life - then zooms out to discuss the logic of the family, of neighbourhoods, large corporations, cities themselves. This is the new economics of everything you never thought was economics, and it will help you see the world in a new way.
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Economics of rational choice theory made accessible.

"The Logic of Life" is a great read because it explains how economics can be applied to decision-making in all aspects of life, from personal choices to societal issues. Author Tim Harford uses engaging stories and characters to illustrate how rational choice theory can be used to understand drug addiction, teenage crime, suburban sprawl, office politics, and more. This book is perfect for those interested in understanding how economics can explain the world around us.