Type of bind: Paperback
EAN num: 9780349119854
Format: Import
ISBN number: 0349119856
Label: Little, Brown Book Group
Manufacturer: Little, Brown Book Group
Page Count: 288
Printing Date: January 31, 2007
Publishing house: Little, Brown Book Group
Sale Popularity Level: 693726
Studio: Little, Brown Book Group
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I found Tim Harford's book very revealing and usefull, because it explains complex economic behaviors and phenomenons in a very light, friendly and accessible fashion. From the complexities of markets to important geopolitical realities this book is enlightening. There are some important concepts I handpick from the text: the power of scarcity, the evils of privileged or asymmetric information , markets as information exchanges, moral risks that perverts free trade, the importance of comparative advantages in daily life, game theory as a tool for auctions, all explained in plain words.
Without being a political statement, this book shows that free markets are far more beneficials to societies than any other form of economic arrangements because markets put the truth over the table and destroy privileged information and the power of scarcity.
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