Sex, Drugs, & Economics: An Unconventional Introduction to Economics
Author Diane Coyle explores a range of popular issues and uses economic analysis to show why many decisions come down to a question of money or politics. It is rare that an economist has the courage and aptitude to take real world, real-time issues and to lay out the advantages and disadvantages of their current policies. Furthermore, Coyle takes these potentially confusing and politically rife issues and cuts them down to size so that they are understandable and straightforward, thereby educating the reader in an entertaining and sophisticated manner. Coyle shows how economics is truly a discipline and a social science that can help us make decisions about the most basic of issues, whether or not to build a train station, to invest tax money in new roads or schools or how to combat world hunger and illegal drugs. Everybody cares about how much tax the government takes, anybody in business wants to figure out how much demand they might have to meet for their services and what wages they'll have to pay, and any working person is concerned about how best to save for tuition fees and retirement pensions.
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amount auction Bank beauty contest behavior benefits better bigger boost Chapter companies compete competition consumers costs created customers demand developing countries drugs economic economies of scale economists electricity emissions energy environmental European example export externalities fact forecasting future global growth higher huge immigration important incentives income increase industry inflation interest rates Internet investment investors involves John Maynard Keynes labor less licenses liquidity trap macroeconomic manufacturing means ment million monetary monopoly Napster natural monopoly network externalities nomic output Paul Krugman peace dividend percent political pollution poor countries population potential prefer private sector production profits rail returns to scale revenues share social spending subsidies supply target telephone theory tion trade unemployment United users vaccine What's winner's curse workers workforce