Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Den tist

Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Den tist

by Tyler Cowen
Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Den tist

Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Den tist

by Tyler Cowen

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Overview

One of America’s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant.

Like no other economist, Tyler Cowen shows how economic notions—such as incentives, signals, and markets—apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings? Or dealing with your dentist? With a wryly amusing voice, in chapters such as “How to Control the World, The Basics” and “How to Control the World, Knowing When to Stop” Cowen reveals the hidden economic patterns behind everyday situations so you can get more of what you really want.

Readers will also gain less selfish insights into how to be a good partner, neighbor and even citizen of the world. For instance, what is the best way to give to charity? The chapter title “How to Save the World—More Christmas Presents Won’t Help” makes a point that is every bit as personal as it is global.

Incentives are at the core of an economic approach to the world, but they don’t just come in cash. In fact, money can be a disincentive. Cowen shows why, for example, it doesn’t work to pay your kids to do the dishes. Other kinds of incentives—like making sure family members know they will be admired if they respect you—can work. Another non-monetary incentive? Try having everyone stand up in your next meeting if you don’t want anyone to drone on. Deeply felt incentives like pride in one’s work or a passing smile from a loved one, can be the most powerful of all, even while they operate alongside more mundane rewards such as money and free food.

Discover Your Inner Economist is an introduction to the science of economics that shows it to be built on notions that are already within all of us. While the implications of those ideas lead to Cowen’s often counterintuitive advice, their wisdom is presented in ordinary examples taken from home life, work life, and even vacation life… How do you get a good guide in a Moroccan bazaar?


Product Details

ISBN-13: 9781440631085
Publisher: Penguin Publishing Group
Publication date: 05/27/2008
Sold by: Penguin Group
Format: eBook
Pages: 256
File size: 351 KB
Age Range: 18 Years

About the Author

Tyler Cowen is a professor of economics at George Mason University. He is a prominent blogger at marginalrevolution.com, the world’s leading economics blog. He also writes regularly for The New York Times, and has written for Forbes, The Wall Street Journal, Newsweek, The Washington Post, The Los Angeles Times, and The Wilson Quarterly.

Table of Contents


I Want a Banana; I Buy One     1
How to Control the World, the Basics     11
How to Control the World, Knowing When to Stop     31
Possess All the Great Art Ever Made     47
Look Good at Home, on a Date, or While Being Tortured     79
The Dangerous and Necessary Art of Self-Deception     113
Eat Well, Bananas Aside     139
Avoiding the Seven Deadly Sins (or Not)     163
How to Save the World-More Christmas Presents Won't Work     185
Your Inner Economist and the Future of Civilization     219
References     223
Acknowledgments     235
Index     237

What People are Saying About This

James Surowiecki

Tyler Cowen is a rare bird: an economist who's a wonderfully entertaining writer but also a deeply humane thinker. Discover Your Inner Economist will certainly change the way you think about an array of subjects, ranging from ethnic food to marriage to our never-ending quest for novelty. But even more important, it'll give you a sense of the real possibilities the world has to offer, and show you how thinking better can actually help you live better. (James Surowiecki, author of The Wisdom of Crowds)

Tim Harford

Tyler Cowen is an economist, culture vulture, restaurant critic and the best blogger in the world. All roles are on display in Discover Your Inner Economist. It's charming, smart and very, very creative. And it will change your life in the best way: in small steps. (Tim Harford, author of The Undercover Economist, columnist and editorial writer for The Financial Times)

From the Publisher

"Charming, smart and very, very creative. And it will change your life in the best way: in small steps." —-Tim Harford, author of The Undercover Economist

Stephen Dubner

The book is fast, furious, and fun, with great examples of how to apply economic thinking to nontraditional subjects... (Stephen Dubner at Freakonomics)

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