The Economic Naturalist: In Search of Explanations for Everyday Enigmas
(eBook)

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Published
Basic Books, 2018.
Format
eBook
Language
English
ISBN
9781541673830

Citations

APA Citation, 7th Edition (style guide)

Robert H. Frank., & Robert H. Frank|AUTHOR. (2018). The Economic Naturalist: In Search of Explanations for Everyday Enigmas . Basic Books.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Robert H. Frank and Robert H. Frank|AUTHOR. 2018. The Economic Naturalist: In Search of Explanations for Everyday Enigmas. Basic Books.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Robert H. Frank and Robert H. Frank|AUTHOR. The Economic Naturalist: In Search of Explanations for Everyday Enigmas Basic Books, 2018.

MLA Citation, 9th Edition (style guide)

Robert H. Frank, and Robert H. Frank|AUTHOR. The Economic Naturalist: In Search of Explanations for Everyday Enigmas Basic Books, 2018.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work IDce8cc05f-03cb-d541-7918-110094e203eb-eng
Full titleeconomic naturalist in search of explanations for everyday enigmas
Authorfrank robert h
Grouping Categorybook
Last Update2024-05-02 11:59:07AM
Last Indexed2024-05-10 13:14:32PM

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    [synopsis] => Why do the keypads on drive-up cash machines have Braille dots? Why are round-trip fares from Orlando to Kansas City higher than those from Kansas City to Orlando? For decades, Robert Frank has been asking his economics students to pose and answer questions like these as a way of learning how economic principles operate in the real world-which they do everywhere, all the time. Once you learn to think like an economist, all kinds of puzzling observations start to make sense. Drive-up ATM keypads have Braille dots because it's cheaper to make the same machine for both drive-up and walk-up locations. Travelers from Kansas City to Orlando pay less because they are usually price-sensitive tourists with many choices of destination, whereas travelers originating from Orlando typically choose Kansas City for specific family or business reasons. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost-benefit principle, the "no cash on the table" principle, and the law of one price. This is as delightful and painless a way to learn fundamental economics as there is.
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