"The
Economic naturalist”
is an interesting collection of students’ work in US. Since the 1980s, the
author has been asking his students to find the strangest phenomena they
encounter and explain them in economic terms.
Have you ever wondered:
(1) why do people in city tend
to be rude and impatient and people in countryside are friendly and courteous?
(2) why do people tend to spend
more in restaurants when they split the check?
(3) why are DVDs sold in much
larger packages than CDs despite the size of the discs are the same?
(4) why do DVD formats differ
from region to region, while CD formats are the same in all countries?
(5) why do female models earn so
much more than their counterparts?
(6) why are waiters paid more
than assistant chefs at high-end restaurants?
(7) why do talented independent
musicians favour music file sharing while established stars tend to oppose it?
Although I have doubt about some
answers, the book is fascinating and contains lots of fun. In fact, this is one
of my favourite books.
The most interesting economics
happens in the real world. So be eager to pose questions and enjoy exploring
concepts.
Want to know the possible reasons? Please read p.6, p.101-102, p.26, p.161, p.51-53, p.57 and p.64-65 respectively.
Want to know the possible reasons? Please read p.6, p.101-102, p.26, p.161, p.51-53, p.57 and p.64-65 respectively.





