Spin Free Economics
With technology and globalization advancing at breakneck speed, the world economy becomes more complex by the day. Activists, politicians, and media enablers—conservative and liberal, left and right, informed and just plain wrong—consistently seize this opportunity to present woefully simplistic explanations and hype the latest myths regarding issues affecting the economy. Their purpose is not to educate but to advocate and, in many cases involving the media, manufacture outrage to drive ratings higher. So, where can you find the truth about today’s economy and how it affects you? Turn off the TV, put down the magazine, log off the Internet—and read this book.
Spin-Free Economics places the current economic debates where they belong: in the middle of the road. With no political ax to grind, Nariman Behravesh takes a centrist approach to explain how today’s economic issues affect individuals and businesses. Along the way, he debunks myths regarding the effects of immigration, unemployment, regulation, productivity, education, health care, and other headline issues. Spin-Free Economics answers today’s most pressing questions, including
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•Will more regulation prevent financial crises?
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•Are outsourcing and foreign ownership good or bad for Americans?
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•Should we fear or embrace Asia’s emerging economic powers?
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•Is aid or trade the solution to global poverty?
The vast majority of economists, Behravesh points out, are independent analysts who are in agreement on many of today’s issues. Unfortunately, the subject has been taken over by opportunists, whose answers to the questions above invariably fall along partisan lines. Spin-Free Economics is a breath of fresh air for those seeking an alternative to the chatter of ideologues and cynics. Rejecting the manipulative approach of “sound-bite economics,” Nariman Behravesh uses facts and insight tempered by clearheaded reason to present the most accurate assessment of the subject to date.
RAHS Library Call Number 330 BEH
Soccernomics
From Booklist
*Starred Review* Call it Moneyball for soccer: journalist Kuper (Soccer against the Enemy, 2006) and economist Szymanski (Fans of the World, Unite! 2008) apply cold, hard facts to our commonly held beliefs about the beautiful game and tell us that everything we think we know is wrong. England’s national team doesn’t underachieve (if anything, given its size, location, and talent pool, it overachieves); paying big money for hot players isn’t a good idea (usually, the players’ exertions mean they’ll underperform next year); and soccer clubs make terrible (though remarkably durable) businesses. Unlike Kuper’s more sober Soccer against the Enemy, there’s a teasing playfulness, almost braggadocio, here, as the authors burst bubble after bubble using the words, “We have the data to answer this question.” As they acknowledge, some fans will resist subjecting long-held emotional attachments to the cold light of statistical analysis. And some may argue their findings: just as Billy Beane’s Oakland A’s are coming off their third losing season, author-praised AC Milan is off to a terrible start. But whether analyzing the relationship of spending to winning or applying game theory to the penalty kick, the authors’ delight in discovery proves both persuasive and contagious. It’s a fascinating book with the potential to effect genuine change in the sport. --Keir Graff
RAHS Library Call Number 330 KUP
Why Popcorn Costs So Much at the Movies
Why Popcorn Costs So Much at the Movies, And Other Pricing Puzzles unravels the pricing mysteries we encounter every day.
Have you ever wondered why all movies, whether blockbusters or duds, have the same ticket prices? Why sometimes there are free lunches? Why so many prices end with "9"? Why ink cartridges can cost as much as printers? Why merchants offer sales, coupons, and rebates? Why long lines are good for shoppers? Why men earn more than women, around the globe – and why they always will?
Richard McKenzie goes on to show how the 9/11 terrorists still kill Americans every day, because their attack distorted the perceived risks and relative prices of air vs. automobile travel, and jacked up both security costs and flight delays. Professor McKenzie also explores the unintended consequences of well-meaning efforts to spur the use of environmentally friendly fuels: starvation among millions of people around the world, and the destruction of rainforests in Malaysia and Indonesia.
How can these things be? If you think you know the answers, think again. Why Popcorn Costs So Much at the Movies, And Other Pricing Puzzles shows you that the real reasons are sophisticated and surprising – and in Professor McKenzie’s hands, both informative and entertaining.
You won’t need a degree in economics to enjoy this fascinating book, just an armchair and an inquiring mind.
RAHS Library Call Number 338.52 MCK
The Economic Naturalist
Why do the keypads on drive-up cash machines have Braille dots? Why are round-trip fares from Orlando to Kansas City higher than those from Kansas City to Orlando? For decades, Robert Frank has been asking his economics students to pose and answer questions like these as a way of learning how economic principles operate in the real world-which they do everywhere, all the time. Once you learn to think like an economist, all kinds of puzzling observations start to make sense. Drive-up ATM keypads have Braille dots because it’s cheaper to make the same machine for both drive-up and walk-up locations. Travelers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travelers originating from Orlando typically choose Kansas City for specific family or business reasons. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost-benefit principle, the “no cash on the table” principle, and the law of one price. This is as delightful and painless a way to learn fundamental economics as there is.
RAHS Library Call Number 330 FRA
