Journal of Economic Literature Vol. 46 No. 1 2008
Book Reviews
Abstract
John J. Siegfried of Vanderbilt University reviews “The Economic Naturalist: In Search of Explanations for Everyday Enigmas” by Robert H. Frank,. The EconLit Abstract of the reviewed work begins “Utilizes economic terms to answer questions about everyday oddities, in order to reveal how economic principles really operate. Discusses rectangular milk cartons and cylindrical soda cans--the economics of product design; free peanuts and expensive batteries--supply and demand in action; why equally talented workers often earn different salaries and other mysteries of the world of work; why some buyers pay more than others--the economics of discount pricing; arms races and the tragedy of the commons; the myth of ownership; decoding marketplace signals; the economic naturalist hits the road; psychology meets economics; the informal market for personal relationships; and two originals. Frank is Henrietta Louis Johnson Professor of Management and Professor of Economics at Cornell University's Johnson Graduate School of Management. Index.”
- DOI
- 10.1257/jel.46.1.151.r1
- Volume
- 46
- Issue
- 1
- Pages
- 151-153
- Language
- en
- Sources
- crossref