Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg is one. The Armchair Economist by Steven E. Landsburg – Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes. In The Armchair Economist, Steven E. Landsburg shows how economic thinking illuminates the entire range of human behavior. But instead of focusing on the.

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I really enjoyed this book, probably because I think like an economist. Monetary incentives are dealt by the economists and as the book suggests, eeconomist don’t respond to instances, events, policy decisions or any other such thing but only to incentives.

Armchair Economist: Economics & Everyday Life by Steven E. Landsburg

Many research projects in economics revolve around creative solutions to just such difficulties. The Armchair Economist revised and updated May But speed and recklessness are goods in the sense that people seem to want them.

And of course, with interest rates so low, the Fed has no recourse but to resort to quantitative easing to attempt to stimulate aggregate demand, but such a course is a virtual anathema to Mario Draghi, let alone Angela Merkel. Why don’t concert promoters raise ticket prices even when they sell out months in advance?

He has expounded basic economic principles with wit and verve.

Shows how the economiwt of prices explains so so many elements of economics. If you enjoy that sort of thing, you might find this link amusing. I don’t always agree with him in my heart, BUT my brain has a hard time arguing the ideas he puts forward. New Releases Books and The City. Views Read Edit View history. The principle I am applying is precisely the same one that predicted the disappearance of gasoline lines. The rest of the book includes expositions on a wide range of topics, including budget deficitunemployment, economic growth, and cost—benefit analysis.


Landsburg shows how economic thinking illuminates the entire range of human behavior.

How big is the effect in question? Third, if Baby on Board signs really work, there is nothing to Stop childless couples from posting them dishonestly.

The Armchair Economist is a wonderful little book, written by someone for whom English is a first and beloved language, and it contains not a single graph or equation It seems too intangible. Unfortunately, accident rates can be misleading for at least three reasons.

Dec 09, Connor rated it it was ok. The book economiat also recommended reading by the departments of economics at several universities. Over beers or coffee.

The Armchair Economist

Professor argues that a world run economisg on an economic basis would turn out bad or good things, but that the good or the bad outcome is minor. The result is more accidents. Why does landeburg cost so much at the cinema? This is economics for the sheer intellectual joy of it.

An economics professor’s sometimes charming, sometimes glib, always counterintuitive guide to evaluating the small anomalies of daily life in a free-market society. Now, how much they have suffered is hard to quantify. Aug 21, Andrew Breslin rated it liked it. Seat belts cause accidents because well-protected drivers take more risks.


The problem you faced in such a situation was that you were unable to concoct a simulation based on the principles, just opposite to what is popularly believed in order to check whether populist opinions are right or wrong. At the same time, the regulations tend to increase the number of driver deaths by encouraging reckless behavior Which effect is the greater? Those ubiquitous Baby on Board signs provide an example. Isn’t this equivalent to enslaving our satisfaction at the hand of others?

In a wide-ranging, easily digested, unbelievably contrarian survey of everything from why popcorn at movie houses costs so much to why recycling may actually reduce the number of trees on the planet, the University of Rochester professor valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy.

Why do corporations confer huge pensions on failed executives? I liked the expression – easy questions thinking using economics. Now this is critical because this explains the real monetary value of walking along the beach. In order to this risky job, management and executives are employed. And while you are at it, eat some more fiber. Feb 23, Daniel rated it it was amazing Shelves: