Economic Inspector

Product details

The Economic Investigator: Why are the rich rich and the poor poor? And why can't you buy a decent used car? By Tim Harford... "The Economic Investigator" is for anyone wondering why the gap between rich and poor nations is so vast, why you can't seem to find a decent used car, or how to compete with a giant coffee chain like Starbucks. This book reveals the hidden truth behind all these questions and more. It's Tim Harford, the economist who traveled extensively across Africa, Asia, and Europe, returning to shed light on how supermarkets, airlines, and coffee chains are emptying our pockets. Harford debunks the myths underlying our biggest disagreements, including the exorbitant cost of healthcare, and exposes why environmental regulations put a smile on the faces of property owners. He highlighted the seemingly innocent reasons behind the high profits of some industries, while the high profits of others are invariably the product of nefarious schemes. Harford enumerates a range of economic concepts, including scarce resources, market power, efficiency, price gouging, market crashes, insider information, and game theory, and underscores how these forces often subtly influence our daily lives.