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addabook - The Undercover Economist
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The Undercover Economist
Tim Harford
read on September 1, 2010

I'm staring grad school now, so I should say I'll likely be reading a bit less, and probably writing less about the books I read as well. One of my first courses in in microeconomics, and I figured it wouldn't be a bad idea to run through a fun refresher on some of the basics before class. That's pretty much what this book is. Tim Harford writes an entertaining and highly accessible book about how markets work, and how the sometimes don't work. It's pretty basic, which was actually kind of frustrating. He talks about inefficiencies in taxes but dances around terminology like "deadweight loss" - and does the same later when discussing externalities. Really, this is a lay-person book. But that's also the strength of the book, in that it boils everything down to very basic lessons. It was an enjoyable refresher, and while I didn't really learn anything new, I guess you could say it reminded me of a few things I had forgotten. Good times, but not as good as Harford's more recent "Logic of Life".

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