The Undercover Economist by Tim Harford
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The Undercover Economist, written by Tim Harford, offers a fresh and illuminating explanation of economic principles through examples from London streets, Shanghai skyscrapers, and Bruges canals. With a professional and scientific tone, Harford delves into the economics of everyday life, examining questions like who profits from early morning cappuccinos at Waterloo Station, why it's difficult to get on the property ladder, and how the Mafia makes money from laundries. With a wealth of domain expertise and facts, Harford sheds light on how China has gone from famine to economic revolution, and how immigration truly benefits certain parties. With a focus on games of signals and negotiations, this book offers a thought-provoking analysis of the modern economy without relying on textbook jargon or equations. A must-read for anyone looking to understand the economics behind everyday choices.