This is a book clip page. When referencing the book, transclude this page using Template:BooklinkThe Undercover Economist by Tim Harford, 10-digit ISBN 0345494016, 13-digit ISBN 978-0345494016 (paperback)
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This book has the following chapters:
- Who pays for your coffee? : A general discussion of some of the issues that economists think about.
- What supermarkets don't want you to know : A discussion of price discrimination and other price-targeting strategies.
- Perfect markets and the 'world of truth' : A discussion of how the price mechanism generally leads to efficient outcomes, because the reservation price is a good proxy for cost and value.
- Crosstown traffic : A discussion of externalities: external costs and external benefits, and how they lead to market failure. Health care is discussed in particular, with reference to the United States and the United Kingdom.
- The inside story : A discussion of information asymmetry leading to market failure; in particular, adverse selection and moral hazard.
- Rational insanity : A discussion of the stock market, P/E ratios, and random walks.
- The men who knew the value of nothing : The application of ideas from game theory and auction theory; the extremely successful sale of spectrum licenses to telecommunication companies by the United Kingdom.
- Why poor countries are poor : A discussion of how the incentives of people and political leaders in a country affects its economic fate. Specific countries discussed include Cameroon and Nepal.
- Beer, chips and globalisation : A discussion of globalisation, its effect on the economies of individual countries, the welfare of individuals, and the environment.
- How China grew rich : A discussion of economic reforms and development in China.