The Logic of Life: The Rational Economics of an Irrational World
In The Logic of Life, bestselling author Tim Harford quite simply makes sense of this world.
Life often seems to defy logic. The receptionist is clearly smarter than the boss who earns fifty times her salary. Arbitrary lines starkly divide the desirable districts of the city from the dangerous ones. Voters flock to the polling booths to elect candidates who’ll rip them off to favour special interests. None of it makes logical sense — or does it?
Economist and acclaimed author Tim Harford thinks it does. By weaving stories from locations as diverse as a Vegas casino to a barroom speed date, Harford aims to persuade you that people are, in fact, surprisingly logical.
When a street prostitute agrees to unprotected sex, or a teenage criminal embarks on a burglary — perhaps especially when a racist employer disregards a black job applicant — we would seem to be a million miles from rational behaviour. Harford shows that, discomfitingly, we are not. It turns out that the unlikeliest of people are complying with the logic of economics and responding to future costs and benefits, often without realizing it; and socially tragic outcomes can have their roots in individually rational decisions.
Brilliantly reasoned, always entertaining and often provocative, The Logic of Life is a book to help you understand yourself and the world around you.
From the Hardcover edition.
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Review: The Logic of LifeUser Review - Dr. Lloyd E. Campbell - Goodreads
This is one of those books written by an economist who longs to be a sociologist. The subtitle of this book; "Rational economics in an irrational world," more accurately reflects the content than the ... Read full review
Review: The Logic of LifeUser Review - Jeroen Van - Goodreads
Great book where Harford releases economic views on marriage, single status, democracy and its failings, development countries and more. He relies heavily on a multitude of other (economic ... Read full review
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