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Strictly speaking, there is really nothing new in this book for people who either took courses in economics or read some of the popular books on the topic. It's really a very superficial presentation of some of the fundamental assumptions of economics. However, if you have no prior training or exposure to economics and would like to learn some basics, this is a fun series of non technical lectures that you will probably enjoy and learn from.
24 of 25 people found this review helpful
Would you recommend this book to a friend? Why or why not?
I would recommend but only for a few of the "nuggets" relevant to everyday life that one encounters throughout the series.
What other book might you compare Thinking Like an Economist: A Guide to Rational Decision Making to and why?
"Skepticism 101: How to Think like a Scientist" and "Mistakes Were Made (But Not By Me)"
Which scene was your favorite?
The sections on game theory, relative value and risk had some good information
Could you see Thinking Like an Economist: A Guide to Rational Decision Making being made into a movie or a TV series? Who should the stars be?
Any additional comments?
In several key areas the professor engages the listener in descriptions of actions that are well-documented but proceeds to state that their cause is a mystery. In each case the scientific literature relevant to the answer can be found but is apparently unknown to the professor, although most were addressed in non-economic disciplines. (i.e. cognitive dissonance) Also, his lecture on the tragedy of the commons seemed to indicate that the solution is a larger and more complex common resource, government, which leaves the stakeholders more disparate then in the localized example given.
18 of 19 people found this review helpful
Complex topic covered simply, easy to follow and useful. The lecturer is fantastic, excellent delivery and content.
8 of 9 people found this review helpful
loved it. I will keep listening to it till the principles are mastered. Now I think like Economist.
2 of 2 people found this review helpful