|
Product Description
Why do the keypads on drive-up cash machines have Braille dots? Why are round-trip fares from Orlando to Kansas City higher than those from Kansas City to Orlando? For decades, Robert Frank has been asking his economics students to pose and answer questions like these as a way of learning how economic principles operate in the real world-which they do everywhere, all the time. Once you learn to think like an economist, all kinds of puzzling observations start to make sense. Drive-up ATM keypads have Braille dots because it's cheaper to make the same machine for both drive-up and walk-up locations. Travelers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travelers originating from Orlando typically choose Kansas City for specific family or business reasons. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost-benefit principle, the no cash on the table” principle, and the law of one price. This is as delightful and painless a way to learn fundamental economics as there is.
Customers Who Bought This Item Also Bought
- The Economic Naturalist: Why Economics Explains Almost Everything
- Success and Luck: Good Fortune and the Myth of Meritocracy
- Every Falling Star: The True Story of How I Survived and Escaped North Korea
- The Rff Reader in Environmental and Resource Policy
- New Ideas from Dead CEOs: Lasting Lessons from the Corner Office
- The Undercover Economist
- Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
- Economics: Private and Public Choice
- The Armchair Economist: Economics and Everyday Life
- Gut Feelings: The Intelligence of the Unconscious
*If this is not the "The Economic Naturalist: In Search of Explanations for Everyday Enigmas" product you were looking for, you can check the other results by clicking this link. Details were last updated on Nov 14, 2024 15:43 +08.