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The Economic Naturalist

In Search of Explanations for Everyday Enigmas

By Robert H. Frank

(68)

| Hardcover | 9780465002177

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Book Description

The fascinating and playful guide to how economics explains the simple but profound ideas that govern our world.

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,Continue

The fascinating and playful guide to how economics explains the simple but profound ideas that govern our world.

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 left on the table" principle, and the law of one price. There is no more delightful and painless way of learning these fundamental principles.

"Smart, snappy and delightful. Bob Frank is one of America's best writers on economics." -- Tyler Cowen, George Mason University, and author of In Praise of Commercial Culture and What Price Fame?

"Fascinating, mind-expanding, and lots of fun." -- Steven Pinker, Harvard University, and author of The Blank Slate, How the Mind Works, and The Stuff of Thought

7 Reviews

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  • The Economic Naturalist: Why Economics Explains Almost Everything

    Looking at the world around us from an economic perspective. Recommended for teenage readers.

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    Mimi Ho 247 said on Apr 8, 2010 about the Paperback edition | Add your feedback

  • Yet another attempt to explain everything using economics. Plausible as the explanations seem to be, many are just educated guesses at best. Still, it's a delight to read the questions, which are often quite insightful themselves.

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    Holmes said on Oct 29, 2009 about the Paperback edition | Add your feedback

  • This book is fun. It poses hundreds of interesting questions in our daily life, which can all be explained by economics. And you don't need to be a rocket scientist to understand it.

    For example, why is milk sold in rectangular containers, while soft drinks are sold in cylindrical ones? Why ... (continue)

    This book is fun. It poses hundreds of interesting questions in our daily life, which can all be explained by economics. And you don't need to be a rocket scientist to understand it.

    For example, why is milk sold in rectangular containers, while soft drinks are sold in cylindrical ones? Why is there a light in your fridge but not in your freezer?

    Robert H Frank draws on fundamental economic theories such as opportunity cost, cost-benefit analysis etc. to explain them all. The result is thought-stimulating and satisfying.

    Frank shows readers why behavioral economics has become such a hot subject. It enables us to make sense of things in this seemingly out-of-control world.

    Fascinating. Glad to know that a second-helping has been released.

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    Tracy W said on Jul 6, 2009 about the Paperback edition | Add your feedback

  • Started at the very beginning- Cover - cozy and warm. The Milk Carton (mooo000)brings the question "Why is the milk sold in rectangular containrs, while soft drinks are sold in cylindrical ones?".
    As an Economics teacher, Robert Frank gathered his students' essays (link up daily life / behavior ... (continue)

    Started at the very beginning- Cover - cozy and warm. The Milk Carton (mooo000)brings the question "Why is the milk sold in rectangular containrs, while soft drinks are sold in cylindrical ones?".
    As an Economics teacher, Robert Frank gathered his students' essays (link up daily life / behavior/ event with the economy), reorganized and amended them.
    Over hundreds of short articles tell the readers why almost everything can be explained in an economic way. =^曲^=. The humourous illustrations cheer the readrs too!

    Ty and see if you can explain why:
    - Why do humantis lectures often write so
    unclearly?
    - Why do taxi drivers stop working early in rainy
    days?
    - Why are child safety seats required in cars but
    not on aeroplane?

    Want MORE? Crack the book yourself ^_<

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    Corky said on Jan 23, 2009 about the Paperback edition | Add your feedback

  • I enjoyed this even better than "Underocver Economist", but slightly under "Freakonomics" in terms of the enjoyable level...

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    Wandering Clouds said on Sep 25, 2008 | Add your feedback

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