The Undercover Economist Strikes Back

The Undercover Economist Strikes Back A provocative and lively exploration of the increasingly important world of macroeconomics by the author of the bestselling The Undercover Economist Thanks to the worldwide financial upheaval econom

  • Title: The Undercover Economist Strikes Back
  • Author: Tim Harford
  • ISBN: 9780349138930
  • Page: 378
  • Format: Paperback
  • A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore From politicians to hedge fund managers to middle class IRA holders, everyone must pay attention to how and why the global economy worA provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore From politicians to hedge fund managers to middle class IRA holders, everyone must pay attention to how and why the global economy works the way it does Enter Financial Times columnist and bestselling author Tim Harford In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world s economy actually works With the wit of a raconteur and the clear grasp of an expert, Harford explains what s really happening beyond today s headlines, why all of us should care, and what we can do about it to understand it better.

    One thought on “The Undercover Economist Strikes Back”

    1. .I approached this book with some trepidation. It's book about macroeconomics - the large scale economics of concern to countries and governments. Plus it is written by an economist working for the Financial Times, which in itself is not an easy read. It seemed likely to be way over my head. But the book has had lots of reviews commenting upon its accessibility and humour; so I decided to go for it. In the event I had no regrets. It was excellent.It is written in the format of you, the reader, w [...]

    2. Q:(I think we can all agree that a bunch of lawyers on Capitol Hill are capable of mismanaging anything, and if babysitting is all that suffers, we can count ourselves lucky.)(c)

    3. I’m a fan of Tim Harford a/k/a “the Undercover Economist.” He’s an academic who has thrown his hat into the pop economics genre, but while he does use a conversational tone and give real life examples, he doesn’t dumb the concepts down. Unfortunately, that means that I don’t always understand what he’s talking about. That was especially true of this book, the fourth of his that I’ve read so far. It’s the shortest and written in a Q&A style that anticipated my questions and [...]

    4. Not nearly as flat out interesting as The Undercover Economist, more of an interesting (fake) conversation about how the big tectonic plates of economies shift. Although, in offering a guide to improving the economy I found it disappointingly heterodox and vanilla, in that there was no suggestion that a different structure to lightly regulated international free markets was available or possible, whereas he was able to offer plenty of fresh insight into small scale economic phenomena in the orig [...]

    5. Perfectly balanced guide to understanding the world's economic shambles (includes up-to-date insights on Bitcoin and the Euro crisis) pitched at amateurs but still covering a lot of the essentials. I learned a lot and it never felt like homework. The jokes are awful; Harford is an unapologetic free-market wonk. Still highly recommended for anyone with the relevant interests.

    6. In his latest Undercover Economist book, Tim Harford puts you – the reader – in charge of an economy and shows you how to make it work.Harford is a microeconomist, meaning he looks at the impact of individuals and firms on an economy. This time round he tackles macroeconomics, which looks at the broader issues in an economy and their possible causes.He introduces problems one after the other that affect an economy, and just as you think you’ve got his point and the required solution; he in [...]

    7. page 5 | location 70-72 | Added on Tuesday, 16 December 2014 09:51:44the Great Depression profoundly revolutionized economics—how could it be otherwise? Economists asked themselves what was happening, and why, and whether anything could be done. They took new measurements, formulated new theories and proposed new policies, all concerned with the central question of economic performance as a whole. In short, the Great Depression gave birth to macroeconomicsge 14 | location 212-214 | Added on Tu [...]

    8. A fun, breezy read that I'd recommend for right before bed (or some other time you need a tiny bit of intellectual stimulation, but not too much). I could have done without the Q-and-A style, but the ideas in this are solid and thought-provoking. I also found myself disagreeing with a bunch of them, and I give kudos to the writer for coming up with innovative stuff in a "basics" book rather than rehashing the familiar.

    9. I’m pretty sure I didn’t absorb everything in this book, and it will demand a revisit. Harford is a splendid interpreter of economics, and he does his best to make the subject real-world understandable, but because so much macroeconomics was new to me, I’ll be back. I learned a lot, and I’ll dip into the book as I want to review subjects. Harford’s conceit was to appoint me, his reader, to make decisions for a world economy. The ensuing Socratic dialogue made me squirm. Who, me? Really [...]

    10. It’s odd in economic writing but Hartford makes a genuine attempt to understand and explain economics based on numbers without political bias. In a sea of books purporting to explain why the other guy is wrong and the writer is correct it’s nice, I think, to find an accessible writer focusing on what is provable. Well, arguable.Hartford has the enjoyable skill for making the difficult sound a little less so. His writing is accessible and his explanations easy to digest. Compared to his other [...]

    11. Yet another low level macroeconomics book. And it does explain how economists explain and define the basic principles of economics. A good start for people wanting to get into a discussion on the subject.Pro:Very simple book. The language is clear and most examples are clearly explained. Easy to understand and the dialogue with the student character in the book adds an interesting narration to the book. Also pretty much explains the basics and even uses some great examples.Con:At times more focu [...]

    12. I have to admit that, unfortunately, I didn' like this book as much as the first, nor did I find it likewise interesting. I found it all too theoretical and impractical, except for the example of the nanny clearly, because it concerns us, but it is as if, in the wave of the success of the first book, the author had wanted to repeat but he was sensationally short of ideas Devo ammettere che purtroppo, questo libro non mi é piaciuto tanto quanto il primo, né mi ha parimenti interessato. Ho trova [...]

    13. This was the first book i read by Tim Harford, a columnist of the FT. I saw this at an airport and thought id give it a try since it talks about macroeconomics, a subject i love, and studied at uni. I found the writer humouristic, and i guess he was targeting a reader who had no background in economics at allHarford spells out practical examples to explain key economic concepts such as inflation, deflation, recession, unemployment, inequality etc etc For sure the author is an expert on the subje [...]

    14. Full disclosure: Tim Harford is a very good friend of mine. And yet I think I can objectively explain why you might like this book. A basis of our friendship is that we are both curious, discursively argumentative, enthusiastic Gedankenexperiment types. One of the things I look forward to is a lively discussion with Tim over coffees, and that's exactly what reading this book is like. Ah, you may say, but surely there is no discussion here as you don't get to talk back? Well, Tim has that covered [...]

    15. It definitely is not as good as the first undercover economist. The dialogue between a supposed reader and the writer was just silly and the concepts explored and explained were difficult to understand even for someone who had studied first year uni of economics and years of business. However, on the positive side, there are a good source of reference material provided from the footnotes for those that are more interested in areas covered which is good and informative. There were indeed some poi [...]

    16. Absolutely Brilliant. To begin with Tim used a very simple situation and built the whole idea using that as a seed. If only economics could be taught in colleges like this, I probably would've paid much more attention to the lectures. Must read for anyone interested in business. In fact would even recommend it to those who are about to join B-school. It will make you appreciate economics even more.

    17. Ok, so while this was a really good book the structure of the book wasn't great. The question form of each new idea was just plain annoying. In saying that, the content was great, I think he presented both sides of the argument pretty well, even though he pushed his point of view most of the time. Great starter for anyone interested in macroeconomics.

    18. Okay, so there are few books by Tim Harford I have yet to read. By stealth and diligent construction, he has made me become a fan. His is a personable, chatty style, even when entering murky waters and even when bravely deciding not to dumb down his economics. Which makes him a suitable writer of what is - despite its unenlightening title - in effect a primer on economics. Or, if you prefer, a pop economics version of the pop science books that make what was once impenetrable a little more penet [...]

    19. I'll admit to being generous rating this five stars, but it's a rare delight to find a book on economics to be so engaging. There is even a call out to Terry Pratchett and a couple of quotes by Douglas Adams, two of my favorite (sort of) philosophers. It's written as a kind of Platonic dialogue, a narrative in which the 'reader' (or just some guy with a mild interest in the subject) poses reasonable questions and provides appropriate comments while the 'author' offers responses that are informat [...]

    20. A good book for the average reader who hasn't studied economics at a basic level. It familiarises you with the basic concepts in an interactive way. However, as someone who's studied economics at some level, I'm not entirely sure what I learned or gained from this, apart from a few interesting stories about problems in economics and some historical context. If you know nothing about economics and want an engaging introduction to the basic concepts, it's a good read. If you have any background it [...]

    21. The Undercover Economist Strikes Back is about macroeconomics aimed for the average person easy to understand overview of the study of the economy of taken as a whole. This description may make it seem like boring difficult read, but text brims with Tim Harford's wit and skill at explaining complex subjects in regular english. It's a followup to Harford's earlier book The Undercover Economist which was about the subject of microeconomics and follows much the same formula. Written to be a popular [...]

    22. This was a good intro to macroeconomics but way, way less fun or interesting than the original Undercover Economist book, and for me, the takeaway was that macroeconomics is basically theology for people who are uncomfortable with the idea of God but nevertheless need something big and incomprehensible to believe in. Which is fine and all, but it makes me kind of uncomfortable to realize that people get paid quite a lot of taxpayer money to indoctrinate students into what is basically a very bor [...]

    23. من الكتب الرائعة (سلسلة كتب في الواقع) في الاقتصاد الكلي (Macroeconomics) لغير المختصين. يمتاز بسهولة الشرح، الأمثلة الطريفة والتسلسل المنطقي يشرح الكتاب مجموعة من اهم القوانين الاقتصادية بحيث يسهل للقارئ فهم السياسات المالية والنقدية وغيرها والأثر المتوقع منها.من اهم ما قرأت في ا [...]

    24. I love pretty much everything Tim Harford does, and here he takes on the unenviable task of explaining macro-economics in an understandable and entertaining way. I feel like he mostly succeeds, though I didn't enjoy this quite as much as The Undercover Economist. The whole book is written in a question, answer, question, answer, style, a bit like a Sunday newspaper magazine article, which does get mildly annoying after a while.

    25. I love these "popular economics" books. They take me back to my days when I was majoring in Econ as an undergrad - but without the need to cram for tests. Tim Harford does a great job of explaining complex concepts clearly - without the math or models. I rated this book 4 stars because I found his "dialogue" style of writing, which created a fictitious reader asking questions, irritating. It was still a great and informative read.

    26. Written by an economist itself The book about macroeconomics. While reading, one will come through various views on economy globally and nationally. It takes time (ya hell lot of) to digest what author wants to convey. But again its not because of the way Tom Harford wrote it. I think the subject and theme of book makes the task harder. Tom has written nicely in a manner of a conversation between first and second person. I might probably forget many stuffs I read but it made me think differently [...]

    27. A really good book that can explain macroeconomics. I took a macroeconomics class in college and I think I learned more from this book than I did the class that which probably cost about $1000 back when I took it. So do yourself a favor, buy or borrow this book and save yourself almost $1000 bucks.

    28. Economics is not my forte, and yet I often find myself reading on the subject. Tim Harford is one of those authors who makes it easy for a layman such as myself to explore and understand (to an extent) his area of expertise. The question and answer format of this book provides a good guide for where the uninitiated may drift on given topics, and so makes it easier to understand.

    29. Every once in a while I like reading a book whose subject is quite unfamiliar to me: I'm sure many people who have studied economics would find this introduction to macroeconomics full of terms and concepts they already know, but the pace worked well for me.

    30. Macroeconomics version of ‘The Indercover Economist’. Some good stories such as Phillips MONIAC machine.

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