Use FALL22 for 10% off at checkout! Free shipping on $45+

THE ECONOMIC NATURALIST

In Search of Explanations for Everyday Enigmas

Regular Price $22.99

Regular Price $28.99 CAD

Regular Price $22.99

Regular Price $28.99 CAD

This item is a preorder. Your payment method will be charged immediately, and the product is expected to ship on or around April 8, 2008. This date is subject to change due to shipping delays beyond our control.

Also Available From:

Buy Now:

On Sale

Apr 8, 2008

Page Count

240 Pages

ISBN-13

9780465003570

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.

What's Inside

Read More Read Less