The Economic Naturalist
The Economic Naturalist
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Summary
Distinguished economist Robert Frank uses hundreds of fascinating, unexpected examples of everyday paradoxes to explain the economics of the everyday world
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The Economic Naturalist by Robert Frank
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. travellers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travellers 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.
Robert H. Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at Cornell University's Johnson Graduate School of Management. His Economic Scene" column appears monthly in the New York Times. His previous books include The Winner-Take-All Society (with Philip Cook), Luxury Fever, and Principles of Economics (with Ben Bernanke). Frank's many awards include the Apple Distinguished Teaching Award and the Leontief Prize for Advancing the Frontiers of Economic Thought. He lives in Ithaca, New York.
| SKU | Unavailable |
| ISBN 13 | 9780465003570 |
| ISBN 10 | 0465003575 |
| Title | The Economic Naturalist |
| Author | Robert Frank |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Basic Books |
| Year published | 2008-04-08 |
| Number of pages | 240 |
| Prizes | Short-listed for Heathrow Travel Product Award: Travel Read, Non-Fiction 2009 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |