economics

Freakonomics

by Admin

I mentioned in an earlier post that The Undercover Economist was a good book for anyone trying to get an understanding of how economics shapes our world. As a reader pointed out at the time, another good book is Freakonomics, by Steven D. Levitt and Stephen J. Dubner.

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, to give it its full title, explores not just how the financial side of everyday life is determined, but also how economics applies to other parts of life. There are details of interesting studies into how the name of a child affects his or her employability later in life, how statistical analysis can spot cheating sumo wrestlers, and why most drug dealers still live with their mother.

Where The Undercover Economist explains how economic theory and practice affect us on a day-to-day level, Freakonomics goes into the detail of how a wider application of economics can tell us more about the world, and even explains some of the methodology used to spot trends and draw conclusions. The analysis work is covered in some detail but never gets boring – the writing style is clear and entertaining, leaving you to think about the implications of the studies covered.

Click on the link to the right to buy the book from Amazon, and you’ll be doing your bit to support this site!

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Monday, October 12th, 2009 Economy 1 Comment

None of the content on this website, including blog posts, comments, or responses to user comments, is offered as financial advice. Figures used are for illustrative purposes only.

The Undercover Economist

by Admin

If you are looking for a book which does a good job of explaining economics, look no further than The Undercover Economist, by Tim Harford.

Starting with an excellent explanation of the cost of a cup of coffee and how it relates to farming in the 19th Century, Harford goes on to explain how supermarkets get more affluent customers to pay more, and why poor countries stay poor. It’s all written in very clear language, easy to understand but not shying away from the more interesting details of the topic.

If you’d like to learn more about how economics affects not only the finances of the world, but also the cost of your next latte then click on the link to the right to buy this book from Amazon. You’ll be helping to support this website and your eyes will be opened to a whole new world.

You may even learn how to save a few pounds on your weekly shop!

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Sunday, July 26th, 2009 Economy 3 Comments
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