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Original Essays | April 11, 2014

Paul Laudiero: IMG Shit Rough Draft



I was sitting in a British and Irish romantic drama class my last semester in college when the idea for Shit Rough Drafts hit me. I was working... Continue »
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The Logic of Life: The Rational Economics of an Irrational World

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The Logic of Life: The Rational Economics of an Irrational World Cover

 

Synopses & Reviews

Publisher Comments:

Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questions–and you might be surprised to hear the answers coming from an economist.

But Tim Harford, award-winning journalist and author of the bestseller The Undercover Economist, likes to spring surprises. In this deftly reasoned book, Harford argues that life is logical after all. Under the surface of everyday insanity, hidden incentives are at work, and Harford shows these incentives emerging in the most unlikely places.

Using tools ranging from animal experiments to supercomputer simulations, an ambitious new breed of economist is trying to unlock the secrets of society. The Logic of Life is the first book to map out the astonishing insights and frustrating blind spots of this new economics in a way that anyone can enjoy.

The Logic of Life presents an X-ray image of human life, stripping away the surface to show us a picture that is revealing, enthralling, and sometimes disturbing. The stories that emerge are not about data or equations but about people: the athlete who survived a shocking murder attempt, the computer geek who beat the hard-bitten poker pros, the economist who defied Henry Kissinger and faked an invasion of Berlin, the king who tried to buy off a revolution.

Once you’ve read this quotable and addictive book, life will never look the same again.

Synopsis:

Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questions-and you might be surprised to hear the answers coming from an economist. But Tim Harford, award-winning journalist and

Synopsis:

The best-selling author of The Underground Economist weaves together real-life scenarios, ranging from a Las Vegas casino to a barroom speed date, to analyze the underlying economic logic behind seemingly irrational behavior, explaining how people are responding to future costs and benefits and how socially tragic outcomes have their roots in individually rational decisions. 50,000 first printing.

About the Author

Tim Harford is the author of the bestseller The Undercover Economist and a member of the editorial board of the Financial Times, where he also writes the “Dear Economist” column. He is a regular contributor to Slate, Forbes, and NPR’s Marketplace. He was the host of the BBC TV series Trust Me, I’m an Economist and now presents the BBC series More or Less. Harford has been an economist at the World Bank and an economics tutor at Oxford University. He lives in London with his wife and two daughters.

Table of Contents

Introducing the logic of life — Las Vegas — Is divorce underrated? — Why your boss is overpaid — In the neighbourhood — The dangers of rational racism — The world is spiky — Rational revolutions — A million years of logic.

Product Details

ISBN:
9781588366825
Subtitle:
The Rational Economics of an Irrational World
Publisher:
Random House
Author:
Harford, Tim
Author:
Tim Harford
Subject:
Business & Economics : General
Subject:
Business Life - General
Subject:
Economics
Subject:
Rational expectations (Economic theory)
Subject:
Economics -- Psychological aspects.
Subject:
General Business & Economics
Subject:
Audio Books-Economics
Subject:
Economics - General
Subject:
main_subject
Subject:
all_subjects
Publication Date:
20080115
Binding:
ELECTRONIC
Language:
English
Pages:
255

Related Subjects

Business » General
History and Social Science » Economics » General

The Logic of Life: The Rational Economics of an Irrational World
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Product details 255 pages Random House Publishing Group - English 9781588366825 Reviews:
"Synopsis" by , Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questions-and you might be surprised to hear the answers coming from an economist. But Tim Harford, award-winning journalist and
"Synopsis" by , The best-selling author of The Underground Economist weaves together real-life scenarios, ranging from a Las Vegas casino to a barroom speed date, to analyze the underlying economic logic behind seemingly irrational behavior, explaining how people are responding to future costs and benefits and how socially tragic outcomes have their roots in individually rational decisions. 50,000 first printing.
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