Book of the week


This week I recommend The Logic of Life: Uncovering the New Economics of Everything by Tim Harford (£12.53 + postage).
Harford's The Undercover Economist  showed how ordinary economics explained everyday curiosities, such as the outrageous price of a cup of coffee and the traffic jam on the way to the supermarket. His new book shows how the new economics of rational choice theory explains much, much more. Drug addicts and teenage muggers are rational. Suburban sprawl and inner city decay are rational. Endless meetings at the office and the injustices of working life? Rational. Economics explains why your boss is overpaid, and whether we should build more prisons, even whether to have sex, take drugs, and be honest. Racy stuff.

Buy it here from the ASI bookstore.