See Beyond the Obvious with Economics

Fergus Hodgson, December 10, 2018

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The world is full of people behaving in ways that don’t make sense at first glance. Economics is a tool to help you understand seemingly inexplicable actions.

Steven Landsburg, a University of Rochester economics professor, has written several books that introduce the economic way of thinking to a lay audience. The rationale, he writes, can be summed up best in four words: “People respond to incentives.”

Understanding the power of incentives gives one a leg up as a businessman and investor, but also as a citizen trying to penetrate a world awash with confusion.

There are many more economists reaching out to the general public than before, says Prof. Landsburg. (IEA)

Recommended Links

• Follow Steven on Twitter and visit his blog, which he updates weekly.
• Get his latest book, Can You Outsmart an Economist?
• Read The Armchair Economist: Economics and Everyday Life.
• Read Capitalism and Freedom by Milton Friedman.
• Watch Friedman’s classic television series Free to Choose.

If You Liked This Episode

• “Is the World Getting Freer?” Gold Newsletter Podcast.
• “Economic Freedom versus Populism” Gold Newsletter Podcast.

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Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.