Why Do Economists Go Wrong
Armchair Economist
By –Steven E. Landsburg
Reviewed by
Table of Contents About The Book 1 About the Author 2 Review 3 Book Summary 4 What life is all about? 4 The Power of Incentives: How Seat Belts Kill 4 Rational Riddles: Why Rolling stones sell out? 4 Truth or Consequence: How to split a check or choose a movie 5 The Indifference Principle 5 The Computer Game of Life 5 Good and Evil 5 Telling Right from Wrong – The pitfalls of Democracy. 6 Why Taxes are Bad? 6 Why Prices are Good? 6 How to Read the News 6 Choosing Sides in a Drug War 7 Do we need more illiterates? 8 The End of Bipartisanship 8 How Markets Work 8 Why popcorn costs more at the movies and why the obvious answer is wrong? 8 Courtship & Collusion: The Mating Game 9 Cursed Winners and Glum Losers 9 Ideas of Interest 10 Random Walks & Stock Market Prices 11 The Iowa Car Crop 11 Was Einstein Credible? The Economics of the Scientific Method 12 New, Improved Football :how economists go wrong? 12 The Science Of Economist vs The religion of Ecology 13
About The Book
Figure 11 The Armchair Economist
“Landsburg valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy.” – Wall Street Journal
“Enormous fun, Landsburg has done something extra ordinary; he has …show more content…
As per Steven Landsberg, this answer is wrong. He argues saying that, if this was the correct answer, then why should it be monopoly only as far as popcorns are concerned? The owner could have monopoly over restrooms and the seating arrangement as well and could charge the movie goers for using them. He goes about explaining this by stating that if this was implemented, the theatres would become less attractive to movie goers and to counter this, the owner would have to reduce the ticket price which in turn would mean loss at the box
By –Steven E. Landsburg
Reviewed by
Table of Contents About The Book 1 About the Author 2 Review 3 Book Summary 4 What life is all about? 4 The Power of Incentives: How Seat Belts Kill 4 Rational Riddles: Why Rolling stones sell out? 4 Truth or Consequence: How to split a check or choose a movie 5 The Indifference Principle 5 The Computer Game of Life 5 Good and Evil 5 Telling Right from Wrong – The pitfalls of Democracy. 6 Why Taxes are Bad? 6 Why Prices are Good? 6 How to Read the News 6 Choosing Sides in a Drug War 7 Do we need more illiterates? 8 The End of Bipartisanship 8 How Markets Work 8 Why popcorn costs more at the movies and why the obvious answer is wrong? 8 Courtship & Collusion: The Mating Game 9 Cursed Winners and Glum Losers 9 Ideas of Interest 10 Random Walks & Stock Market Prices 11 The Iowa Car Crop 11 Was Einstein Credible? The Economics of the Scientific Method 12 New, Improved Football :how economists go wrong? 12 The Science Of Economist vs The religion of Ecology 13
About The Book
Figure 11 The Armchair Economist
“Landsburg valiantly turns the discussion of vexing economic questions into an activity that ordinary people might enjoy.” – Wall Street Journal
“Enormous fun, Landsburg has done something extra ordinary; he has …show more content…
As per Steven Landsberg, this answer is wrong. He argues saying that, if this was the correct answer, then why should it be monopoly only as far as popcorns are concerned? The owner could have monopoly over restrooms and the seating arrangement as well and could charge the movie goers for using them. He goes about explaining this by stating that if this was implemented, the theatres would become less attractive to movie goers and to counter this, the owner would have to reduce the ticket price which in turn would mean loss at the box