Reviewed in the United States on January 9, 2021. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. The way the writer makes his point on species extinction is repulsive. “This new edition of The Armchair Economist is a wide-ranging, easily digested, unbelievably contrarian survey of everything from why popcorn at movie houses costs so much to why recycling may actually reduce the number of trees on the planet. In the Steven Landsburg book The Armchair Economist - Economics and Everyday Life, Landsburg takes many of these economic theories and relates them to everyday type scenarios and makes them understandable to a beginning economist. Unfortunately, they are stuck in the stone age and refuse to admit that humans act as nothing more than drones. But what I take most pride in is that The Armchair Economist is still widely recognized among economists as the book to give your mother when she wants to understand what you do all day. It seems... he's really the 'Armchair' economist. Landsburg valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy.” The book distils an over-the-top market fundamentalism. Armchair Economist. Something went wrong. Use features like bookmarks, note taking and highlighting while reading The Armchair Economist (revised and updated May 2012): Economics & Everyday Life. The extensively revised and updated edition of Steven Landsburg's hugely popular book, The Armchair Economist--"a delightful compendium of quotidian examples illustrating important economic and financial theories" ( The Journal of Finance). Now that would be "efficiency". The Armchair Economist was a very revealing and incredibly interesting book on how economics affects our daily lives. He is the author of. Should the U.S. government slashes tuition financing, all those market fundamentalists would be forced to live closer to reality and write something about it. Chapter 9 covers the Coase Theorem of professor Ronald Coase. I found his example that cars can be made in Michigan or grown in Idaho very clear and well described, and useful in these protectionist times. The theories seems elegant and very logical, but the problem is the underlying assumptions are usually overlooked and the author really overlooks in the book. Apparently this author inspired or knew Steve Levitt (Freakonomics). The armchair economist : economics and everyday life Item Preview > remove-circle Share or Embed This Item. For nearly 20 years, The Armchair Economist has been famous among economists as the book to give your mother when she wants to understand what you think about all day --- and famous worldwide for its clarity and its sparkling wit. For this new revised edition (available May, 2012), Landsburghas completely rewritten several chapters to make them even clearer,livelier, and … The Armchair Economist was published in 1993, and attracted much critical praise along with a large and devoted following. The book attempts to make economics simples, but it makes it short sighted to say the least. It also analyzes reviews to verify trustworthiness. New York. The rest of the book includes expositions on a wide range of topics, including budget deficit, unemployment, economic growth, and cost–benefit analysis. Brief content visible, double tap to read full content. New York. Toronto, . The simplifications make a caricature of economic theory, which may indoctrinate the reader. No_Favorite. Toronto, . But for a first contact with economics it could be damaging. It is insightful, disarmingly simple and yet sophisticated and, at the same time, provocative, passionate, and witty. Steven Landsburg’s The Armchair Economist is one of the best economics books ever written. Reviewed in the United Kingdom on November 27, 2020. A refreshing foray into the "dismal science " which doesn't shy away from the sometimes counterintuitive and controversial conclusions of economic logic. There are plenty of summaries and overviews of the material available; this review is just to state that I enjoyed the book and highly recommend it to anyone with even a passing interest in what "economics" is and how it affects all of our lives. Please try again. The extensively revised and updated edition of Steven Landsburg's hugely popular book, The Armchair Economist - "a delightful compendium of quotidian examples illustrating important economic and financial theories" (The Journal of Finance). 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