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Samuel

Somerville, MA, USA | Member Since 2006

6
HELPFUL VOTES
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  • 4 ratings
  • 1 titles in library
  • 2 purchased in 2014
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  • The Undercover Economist

    • UNABRIDGED (10 hrs and 10 mins)
    • By Tim Harford
    • Narrated By Robert Ian Mackenzie
    • Whispersync for Voice-ready
    Overall
    (260)
    Performance
    (80)
    Story
    (79)

    Author of the extremely popular "Dear Economist" column in Financial Times, Tim Harford reveals the economics behind everyday phenomena in this highly entertaining and informative book. Can a book about economics be fun to read? It can when Harford takes the reins, using his trademark wit to explain why it costs an arm and a leg to buy a cappuccino and why it's nearly impossible to purchase a decent used car.

    Paul Norwood says: "Everyone needs to know this."
    "Required reading for voters!"
    Overall

    Harford explains lucidly how the free market determines how resources are allocated, why it seems to work well much of the time, why it fails under some circumstances, and what sort of government actions would appropriately address those failures. Much of the latter half of the book is devoted to the effects of increased global trade, including a whole chapter on the miraculous success of China. I didn't find all of it well argued; for example, his argument that globalization is not significantly harmful to the environment was painted in broad strokes and not well-supported. But overall, this book is an enjoyable elucidation of the world's dominant economic model, and should be read by anyone who... well, votes.

    6 of 6 people found this review helpful

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