Later On

A blog written for those whose interests more or less match mine.

Economics of daily life

with one comment


Life often seems to defy logic. When a prostitute agrees to unprotected sex, or a teenage criminal embarks on a burglary, or a smoker lights another cigarette, we seem to be a million miles from what we would call rational behaviour. None of this makes sense – or does it? Tim Harford thinks it does. And by weaving stories from locations as diverse as a Las Vegas casino and a Soho speed-date together with insights from an ingenious new breed of economist, he aims to persuade you that we are all, in fact, surprisingly logical. Reading this book, you’ll discover that the unlikeliest of people – racists, drug addicts, revolutionaries and rats – comply with economic logic, always taking account of future costs and benefits, even if they don’t quite realise it. It even explains why your boss is overpaid…

Written by Leisureguy

22 January 2008 at 8:43 am

Posted in Books, Daily life

One Response

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  1. Cool writing …..i wanna how to solve economics problems in any country…so can you plse send me some hints …….


    Titu barua

    8 August 2009 at 2:56 am

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