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How to Think Like an Economist
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How to Think Like an Economist

3.74  ·  Rating details ·  27 Ratings  ·  3 Reviews
How To Think Like an Economist offers instructors a tool to both motivate students and get them to recognize how economics affects their everyday lives. In less than 200 pages, How to Think Like an Economist consists entirely of economics "stories" and real-world applications that the author has used in his class to help hundreds of students make the connection between eco ...more
Paperback, 132 pages
Published January 9th 2004 by South Western Educational Publishing
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Luke Peterson
Feb 20, 2007 rated it really liked it
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I really liked this book. It's not too special or anything, but it's a great collection of case studies that help fine-tune the economic eye of the reader. Definitely worthwhile if you ever interact with other people; this will give you some insight as to why folks make decisions, both individually and en masse.
Thang Tran
Nov 11, 2016 rated it really liked it
I used excerpts from this book for my translation class. The author is a respected American economics professor, who explains the economic ideas and concerns (i.e. supply, demand, prices, college market, oil market, trades and transfers, interest groups, employer-employee relation, etc.) in down-to-earth methods, stories and examples. Some will surprise you, for example, is there a connection between SUVs and terrorism? Gas prices and questions the economist asks. Each Chapter has a summary sect ...more
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Tariq Mustafa
Arnold describes a toolkit that could/should be used if the goal is to mimic professional economist and gather rewards from that view point. Square brackets [] are my thoughts/translations of the ideas of the author.

1. People respond to incentives. [Don't expect them to act because of innate goodness or badness of an idea. Bait is necessary to the lizard mind]

2. There is no free lunch. [Free things too aren't free because they hog up your ability to do something else. Say no often.]

3. Prices are
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