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The Logic of Life: The Rational Economics of…
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The Logic of Life: The Rational Economics of an Irrational World (original 2008; edition 2009)

by Tim Harford

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1,0192420,212 (3.77)5
Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questions-and you might be surprised to hear the answers coming from an economist. But Tim Harford, award-winning journalist and author of the bestseller The Undercover Economist, likes to spring surprises. In this deftly reasoned book, Harford argues that life is logical after all. Under the surface of everyday insanity, hidden incentives are at work, and Harford shows these incentives emerging in the most unlikely places. Using tools ranging from animal experiments to supercomputer simulations, an ambitious new breed of economist is trying to unlock the secrets of society. The Logic of Life is the first book to map out the astonishing insights and frustrating blind spots of this new economics in a way that anyone can enjoy. The Logic of Life presents an X-ray image of human life, stripping away the surface to show us a picture that is revealing, enthralling, and sometimes disturbing. The stories that emerge are not about data or equations but about people: the athlete who survived a shocking murder attempt, the computer geek who beat the hard-bitten poker pros, the economist who defied Henry Kissinger and faked an invasion of Berlin, the king who tried to buy off a revolution. Once you've read this quotable and addictive book, life will never look the same again.… (more)
Member:Bellyn
Title:The Logic of Life: The Rational Economics of an Irrational World
Authors:Tim Harford
Info:Random House Trade Paperbacks (2009), Edition: Reprint, Paperback, 255 pages
Collections:Your library
Rating:****
Tags:None

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The Logic of Life: The Rational Economics of an Irrational World by Tim Harford (2008)

  1. 00
    Guns, Germs, and Steel: The Fates of Human Societies by Jared Diamond (espertus)
    espertus: For those who enjoyed the last chapter of The Logic of Life "A Million Years of Logic" and would like a book-length discussion of why some geographic areas became so much richer than others
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English (19)  Hungarian (1)  Spanish (1)  All languages (21)
Showing 1-5 of 19 (next | show all)
Fun and very readable book that applies the methods of economics to diverse subjects (gambling, dating, racial preferences, whether to live in a city, colonization of the New World, archaeology, etc etc). ( )
  yaj70 | Jan 22, 2024 |
This was a very fascinating book that looks at many facets of human history from an economist's point of view. I always appreciate the social scientific side of economics than the financial one. The author did a great job keeping the reader engaged and interested. ( )
  jimocracy | Apr 18, 2015 |
Well-written, but the writer's style was a little annoying (clearly, he "knows everything"). ( )
  piersanti | Sep 28, 2014 |
Revealing surprising, optimistic, well-argued, and funny. Cities are the centres of creativity & wealth (no surprise) but also of efficiency, ecological efficiency and tax revenue. How minorities (eg farmers in rich countries, ) bag all the cream: it's not worth any individual's while to try to change things. How Malthus proved wrong just as he published: population take-off produces invention and productivity take-off. Lovely mix of data from classroom experiments to socioeconomic large scale surveys and where it's shaky or speculative he comes clean about it. I'm a long term fan of his Radio 4 stuff ("More or less"). His underlying thesis - we are "rational", even unconsciously so, is totally convincing and rather cheering. It is quite distinct from "homo economicus", an academic abstraction rightly derided. Why can't more economists write like this! ( )
  vguy | Aug 25, 2014 |
Showing 1-5 of 19 (next | show all)
The premise is simple. Human beings are rational creatures who respond to incentives and rewards. No matter how bizarre a choice might seem, there is logic at work, and Mr. Harford intends to expose it.
 
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TO ADRIAN
AND
AFRICA, WHO WILL GET HER TURN IN THE STROLLER
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INTRODUCTION
This morning, I strapped my two-year-old daughter into her stroller and walked her to the toddlers' art club at our local community center.
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Life sometimes seems illogical. Individuals do strange things: take drugs, have unprotected sex, mug each other. Love seems irrational, and so does divorce. On a larger scale, life seems no fairer or easier to fathom: Why do some neighborhoods thrive and others become ghettos? Why is racism so persistent? Why is your idiot boss paid a fortune for sitting behind a mahogany altar? Thorny questions-and you might be surprised to hear the answers coming from an economist. But Tim Harford, award-winning journalist and author of the bestseller The Undercover Economist, likes to spring surprises. In this deftly reasoned book, Harford argues that life is logical after all. Under the surface of everyday insanity, hidden incentives are at work, and Harford shows these incentives emerging in the most unlikely places. Using tools ranging from animal experiments to supercomputer simulations, an ambitious new breed of economist is trying to unlock the secrets of society. The Logic of Life is the first book to map out the astonishing insights and frustrating blind spots of this new economics in a way that anyone can enjoy. The Logic of Life presents an X-ray image of human life, stripping away the surface to show us a picture that is revealing, enthralling, and sometimes disturbing. The stories that emerge are not about data or equations but about people: the athlete who survived a shocking murder attempt, the computer geek who beat the hard-bitten poker pros, the economist who defied Henry Kissinger and faked an invasion of Berlin, the king who tried to buy off a revolution. Once you've read this quotable and addictive book, life will never look the same again.

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