The extensively revised and updated edition of Steven Landsburgâs hugely popular book, The Armchair Economistââa delightful compendium of quotidian examples illustrating important economic and financial theoriesâ (The Journal of Finance).
In this revised and updated edition of Steven Landsburgâs hugely popular book, he applies economic theory to todayâs most pressing concerns, answering a diverse range of daring questions, such as:
Why are seat belts deadly?
Why do celebrity endorsements sell products?
Why are failed executives paid so much?
Who should bear the cost of oil spills?
Do government deficits matter?
How is workplace safety bad for workers?
Whatâs wrong with the local foods movement?
Which rich people canât be taxed?
Why is rising unemployment sometimes good?
Why do women pay more at the dry cleaner?
Why is life full of disappointments?
Whether these are nagging questions youâve always had, or ones you never even thought to ask, this new edition of The Armchair Economist turns the eternal ideas of economic theory into concrete answers that you can use to navigate the challenges of contemporary life.