03/05/08 10:26 PM
I stumbled across mentions of this book many moons ago after reading Freakonomics, but had it land in my lap as yet another Christmas present retrieved from my wishlist. In truth, it’s a little bit different that the aforementioned book, but somewhat similar in style. It’s certainly not a straightforward textbook, but instead Frank uses everyday examples of questions (most of which came from his students) to teach different concepts of economics.
Basically, it’s an excuse to learn a lot of random trivia while at the same time learning about how that applies to different economics principles. For example, in the supply and demand section of the book, a question is:
Why do new cars costing $20,000 rent for $40 a day, while tuxedos costing only $500 rent for about $90?
It’s all pretty basic stuff, and while some of the information in the book is certainly more enlightening than the aforementioned quote and answer, a lot of the knowledge in the book is sort of common-sense type of information paired with basic economic theory. At just over 200 pages, it’s a quick read, though, and if you liked Freakonomics, this might be worth a couple hours of your time.