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The Armchair Economist (revised and updated May 2012) - Landsburg, Steven E.
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Landsburg, Steven E.:
The Armchair Economist (revised and updated May 2012) - neues Buch

2012, ISBN: 9781451651737

ID: 320493

CHAPTER 1 THE POWER OF INCENTIVES How Seat Belts Kill Most of economics can be summarized in four words: "People respond to incentives." The rest is commentary. "People respond to incentives" sounds innocuous enough, and almost everyone will admit its validity as a general principle. What distinguishes the economist is his insistence on taking the principle seriously at all times. I remember the late 1970s and waiting half an hour to buy a tank of gasoline at a federally controlled price. Virtually all economists agreed that if the price were allowed to rise freely, people would buy less gasoline. Many noneconomists believed otherwise. The economists were fight: When price controls were lifted, the lines disappeared. The economist's faith in the power of incentives serves him well, and he trusts it as a guide in unfamiliar territory. In 1965, Ralph Nader published Unsafe at Any Speed, a book calling attention to various design elements that made cars more dangerous than necessary. The federal government soon responded with a wide range of automobile safety legislation, mandating the use of seat belts, padded dashboards, collapsible steering columns, dual braking systems, and penetration-resistant windshields. Even before the regulations went into effect, any economist could have predicted one of their consequences: The number of auto accidents increased. The reason is that the threat of being killed in an accident is a powerful incentive to drive carefully. But a driver with a seat belt and a padded dashboard faces less of a threat. Because people respond to incentives, drivers are less careful. The result is more accidents. The principle I am applying is precisely the same one that predicted the disappearance of gasoline lines. When the price of gasoline is low, people choose to buy more gasoline. When the price of accidents (e.g., the probability of being killed or the expected medical bill) is low, people choose to have more accidents. You might object that accidents, unlike gasoline, are not in any sense a "good" that people would ever choose to purchase. But speed and recklessness are goods in the sense that people seem to want them. Choosing to drive faster or more recklessly is tantamount to choosing more accidents, at least in a probabilistic sense. An interesting question remains. How big is the effect in question? How many additional accidents were caused by the safety regulations of the 1960s? Here is a striking way to frame the question: The regulations tend to reduce the number of driver deaths by making it easier to survive an accident. At the same time, the regulations tend to increase the number of driver deaths by encouraging reckless behavior Which effect is the greater? Is the net effect of the regulations to decrease or to increase the number of driver deaths? This question cannot be answered by pure logic. One must look at actual numbers. In the middle 1970s, Sam Peltzman of the University o Business Business eBook, Free Press

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The Armchair Economist: Economics and Everyday Life - Landsburg, Steven E.
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Landsburg, Steven E.:
The Armchair Economist: Economics and Everyday Life - neues Buch

ISBN: 9781451651737

ID: 122605220

Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. 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. -- Joe Queenan, ´´The Wall Street Journal´´ ´´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...Landsburg presents fascinating concepts in a form easily accessible to noneconomists. -- Erik M. Jensen, ´´The Cleveland Plain Dealer´´ ...enormous fun from its opening page...Landsburg has done something extraordinary: He has expounded basic economic principles with wit and verve. -- Dan Seligman, ´´Fortune´´ Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. 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 Taschenbuch > Sozialwissenschaften, Recht & Wirtschaft > Wirtschaft > Volkswirtschaft, FREE PR

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The Armchair Economist: Economics and Everyday Life - Landsburg, Steven E.
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Landsburg, Steven E.:
The Armchair Economist: Economics and Everyday Life - gebrauchtes Buch

1993, ISBN: 9781451651737

ID: 16556392

The extensively revised and updated edition of Steven Landsburg's hugely popular book.Steven E. Landsburg is well known for revealing the laws of economics that underlie our everyday experience and illuminate the entire range of human behavior. When cars are made safer, drivers become more reckless and accident rates go up. When a supply interruption causes gas prices to skyrocket, journalists point to the "obvious" exercise of monopoly power. Economists see just the opposite: If oil companies had monopoly power, prices would have been higher all along. First published in 1993, "The Armchair Economist" attracted a large and devoted following. Now, almost twenty years later, this new edition includes contemporary applications of the eternal ideas of economic theory, firmly placing the book's emphasis on today's concerns, including political strategies, interest rates, government deficits, Internet scams, the local foods movement, and the prices of everything from gasoline to college tuition. Several chapters have been rewritten from scratch to incorporate new material and new explanations of eternal ideas. Throughout, the basic principles of economics continue to surprise, delight, and edify. The Armchair Economist: Economics and Everyday Life Landsburg, Steven E., Free Press

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The Armchair Economist: Economics and Everyday Life - Steven E. Landsburg
Vergriffenes Buch, derzeit bei uns nicht verfügbar.
(*)
Steven E. Landsburg:
The Armchair Economist: Economics and Everyday Life - neues Buch

2012, ISBN: 9781451651737

ID: 692178839

Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. 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. -- Joe Queenan, ´´The Wall Street Journal´´ ´´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...Landsburg presents fascinating concepts in a form easily accessible to noneconomists. -- Erik M. Jensen, ´´The Cleveland Plain Dealer´´ ...enormous fun from its opening page...Landsburg has done something extraordinary: He has expounded basic economic principles with wit and verve. -- Dan Seligman, ´´Fortune´´ Economics and Everyday Life Bücher > Fremdsprachige Bücher > Englische Bücher Taschenbuch 01.05.2012, Free Spirit Publishing, .201

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The Armchair Economist: Economics and Everyday Life - Steven E. Landsburg
Vergriffenes Buch, derzeit bei uns nicht verfügbar.
(*)
Steven E. Landsburg:
The Armchair Economist: Economics and Everyday Life - neues Buch

ISBN: 9781451651737

ID: 487457203

Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. 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. -- Joe Queenan, ´´The Wall Street Journal´´ ´´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...Landsburg presents fascinating concepts in a form easily accessible to noneconomists. -- Erik M. Jensen, ´´The Cleveland Plain Dealer´´ ...enormous fun from its opening page...Landsburg has done something extraordinary: He has expounded basic economic principles with wit and verve. -- Dan Seligman, ´´Fortune Economics and Everyday Life Buch (fremdspr.) Bücher>Fremdsprachige Bücher>Englische Bücher, Free Spirit Publishing

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The Armchair Economist: Economics and Everyday Life
Autor:

Steven E.,Landsburg

Titel:

The Armchair Economist: Economics and Everyday Life

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Detailangaben zum Buch - The Armchair Economist: Economics and Everyday Life


EAN (ISBN-13): 9781451651737
ISBN (ISBN-10): 1451651732
Taschenbuch
Erscheinungsjahr: 2012
Herausgeber: FREE PR
Gewicht: 0,292 kg
Sprache: Englisch

Buch in der Datenbank seit 25.05.2012 10:18:20
Buch zuletzt gefunden am 03.05.2017 17:14:13
ISBN/EAN: 9781451651737

ISBN - alternative Schreibweisen:
1-4516-5173-2, 978-1-4516-5173-7


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