Industrial-Sized Deals Shop all Back to School Shop Women's Handbags Learn more nav_sap_plcc_6M_fly_beacon Beach House $5 Off Fire TV Stick Off to College Essentials Shop Popular Services pivdl pivdl pivdl  Amazon Echo Starting at $99 Kindle Voyage Nintendo Digital Games Shop Back to School with Amazon Back to School with Amazon Outdoor Recreation STEM Toys & Games
Kindle Price: $9.99

Save $6.01 (38%)

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Deliver to your Kindle or other device

Flip to back Flip to front
Audible Narration Playing... Paused   You are listening to a sample of the Audible narration for this Kindle book.
Learn more

The Undercover Economist Strikes Back: How to Run--or Ruin--an Economy Kindle Edition

48 customer reviews

See all 8 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
$9.99

Length: 273 pages Word Wise: Enabled Enhanced Typesetting: Enabled

Kindle Daily Deals
Kindle Delivers: Daily Deals
Subscribe to find out about each day's Kindle Daily Deals for adults and young readers. Learn more (U.S. customers only)

Editorial Reviews

From Bookforum

Economist Tim Harford has made a career of demystifying many of the central assumptions of economic thinkers and policy makers—the sort of endeavor that’s likely to get you barred from exclusive DC social gatherings if done right. […] Harford’s latest book, The Undercover Economist Strikes Back, expands the range of his analysis to take in the broader sweep of macroeconomic planning. […] Harford’s style is accessible, engaging, warm, witty, and fun, and he takes us on a romp through some of the denser thickets of macroeconomic thinking. […] Along the way, Harford takes on more than a few quasi-sacred shibboleths in our current economic and political environment. —Helaine Olen

Review

Every Tim Harford book is cause for celebration. He makes 'the dismal science' seem like an awful lot of fun -- Malcolm Gladwell Harford spurns the polemical style that infects so much writing about macroeconomics, offering a clear exposition of the key debates using case studies ranging from Second World War POW camps to the 1970s oil shock and Brazil in the 1990s ... Harford explains the subject with impressive clarity and wit. The Times clear-thinking and easy to read ... he has mastered the art of dealing with this subject without the use of a single diagram or mathematical equation Sunday Times Our chief economic storyteller ... thanks to people such as Harford, the profession will gain a better informed audience Independent Reading Harford is like finding yourself next to the funniest, smartest fellow at the party. It is such fun that readers will hardly notice that, by the end, they've mastered macroeconomics Financial Times

Product Details

  • File Size: 1140 KB
  • Print Length: 273 pages
  • Publisher: Riverhead Books; Reprint edition (January 16, 2014)
  • Publication Date: January 16, 2014
  • Sold by: Penguin Group (USA) LLC
  • Language: English
  • ASIN: B00DMCV624
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #330,624 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?


More About the Author

Tim Harford is the author of the bestseller The Undercover Economist and The Logic of Life and a member of the editorial board of the Financial Times, where he also writes the "Dear Economist" column. He is a regular contributor to Slate, Forbes, and NPR's Marketplace. He was the host of the BBC TV series Trust Me, I'm an Economist and now presents the BBC series More or Less. Harford has been an economist at the World Bank and an economics tutor at Oxford University. He lives in London with his wife and two daughters.

Customer Reviews

Most Helpful Customer Reviews

20 of 21 people found the following review helpful By Trey Jones on December 17, 2013
Format: Kindle Edition
**I received an uncorrected proof copy of the 2014 paperback edition of this book through a LibraryThing giveaway.**

I came to be a fan of Tim Harford through his podcasts, "More or Less: Behind the Stats" and "Pop Up Ideas". I was eager to read this book, because I am a big fan of the way the podcasts explore ideas and make sense of numbers in the news, and I've recently developed an amateur interest in economics. I was not disappointed.

One word of advice to the reader: throughout the book, Harford explicitly uses the conceit that he is speaking directly to you (who have been chosen to run a world economy) and that you are answering him. I found that jarring, but it was easy to put aside by imagining that instead of participating in a conversation, I was merely observing one.

The book explores macroeconomic ideas in an engaging way, and the dialog style allows the author to take the occasional left turn away from the topic at hand into an interesting cul-de-sac before jumping back on track. Most of the material is readily accessible if you have an interest in current events (no economic theory needed), though the discussion of the Beveridge curve could really have done with at least one diagram.

The entire discussion is bookended with by elements of the story of Bill Phillips, a tinkerer, war hero, hydraulics engineer, and eventually an influential economist who created a very cool machine—the MONIAC, or Monetary National Income Analogue Computer—that solved economic differential equations with water. His story is a highlight of the book, and is told largely in the first chapter.

Overall, this is a very accessible and non-technical introduction to macroeconomics, which is a especially nice since much of the material I've come across recently online, in podcasts, and in books has been on microeconomics or behavioral economics.
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
17 of 21 people found the following review helpful By sien on October 24, 2013
Format: Kindle Edition
The Undercover Economist Strikes Back (2013) by Tim Harford is another excellent book from a superb economics writer. This book covers macroeconomics and presents a Socratic dialogue where Harford discusses how to run a modern economy. This sort of dialogue is often contrite. However Harford manages through his mastery of the subject and by being reasonable, skeptical and carefully presenting both sides of an argument to make it highly informative and enjoyable.
Sadly the cover of the edition I have has a quote from Alex Bellos suggesting that Harford could be Britain’s Malcolm Gladwell. While Harford has some similarities to Gladwell in that both write excellent infotainment Harford is much better because he writes over a more limited subject area but with much greater depth of knowledge.
The book covers recessions, money, inflation, stimulus, output gaps, unemployment, management, GDP, happiness and endless economic growth. It covers all with such aplomb that it’s hard to pick out the best bit.
Stylistically Harford uses a dialogue and also has the wonderful character of the economist Bill Phillips to provide a narrative core for the book. It all works.
This book is a delight to read.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
13 of 16 people found the following review helpful By Gu Si Fang on January 25, 2014
Format: Hardcover
This book is very well written and educational, as Tim Harford has led his readers to expect. At times, it is a bit heavy on the storytelling style. Overall, it does a nice job explaining a lay reader how economists think about the big macro issues such as growth, recessions and unemployment. I list what I view as some pluses and minuses of the book below.

Pluses:

- Great quotes from Douglas Adams' Hitchhiker’s Guide to the Galaxy!

- A nice debunking of Krugman's babysitting coop rant.

- A great discussion of Radford's POW camp article.

- A very pedagogical comparison of the classical and Keynesian views of recessions, concluding on an ironic note (but see below for a minus): « Sometimes an economy’s output is constrained by the demand for goods and services (Keynes’s Law) and sometimes it is constrained by their potential supply (Say’s Law). It sounds like neither of them are really laws at all. Yup. This is social science—what did you expect? » ... « But there is also a really simple way to combine the two views. We need to introduce a concept you’ll hear discussed often in economics—the “short run” and the “long run.” Most economists would agree that in the short run, it is Keynes’s Law that is relevant. And most economists would also agree that in the long run, it is Say’s Law that counts. »

- A thought provoking discussion of the question Can Growth Continue Forever?: « Energy growth is not the same as economic growth [...] It’s easy to grasp why exponential economic growth is not the same as exponential energy growth. If I’m worried about money, I may turn off my heating and wear a coat and hat indoors; a bit of extra money will mean I take off the hat and coat and use more energy.
Read more ›
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
2 of 2 people found the following review helpful By Doug Cornelius on February 14, 2014
Format: Hardcover
Financial Times columnist and bestselling author Tim Harford tries to show us that macroeconomics is not that hard in The Undercover Economist Strikes Back.

In order to fix the economy, we need to understand the economy. The book is a "practically minded poke-around under the hood of our economic system." It's a sequel to The Undercover Economist , which looked at microeconomics. The first book looked at the cost of coffee and other focused topics that affect an individual's behavior.

The Undercover Economist Strikes Back tackles the world and the uncertainty of macroeconomics. These are the big forces of gross domestic product, inflation, and unemployment. Rather a droll, laborious discussion of complex theories, Harford keeps things witty and perky.

The book is not about bashing big banks or pointing fingers at who caused the financial crisis of 2008. But he does discuss the macroeconomic forces in light of the recovery (or lack thereof) from the 2008 crisis.

He does not try to oversimplify the topics. He cautions that they are difficult to understand, difficult to calculate, and difficult to get right. He offers advice and lessons from history.

He explains the theory of currency with the extraordinary example of the rai used by the Yap islanders in Micronesia. Each rai is a stone wheel, the biggest of which is nine feet across and weighs over four tons. That will help you buy land. Smaller ones, a mere foot or two across will buy you a pig. The islanders still use the currency even if it has sunk to the bottom of the bay while being transported in a boat. Given the small number of transactions, the islanders can just keep track who owns which stone, without having to move the big ones.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews


Forums

There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
Topic:
First post:
Prompts for sign-in