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am 24. Juni 2012
People who never have heard anything about economics might get some useful information for their everday-life, but the topics of the "Undercover Economist" are not very convincing and sometimes the author's argumentation is not clear. Of course, cappuchino, traffic and department-stores are realistic examples, but there are so many authors who have shown theories of economics on the basis of those illustrations and you have to consider that most of them did a better job.
Tim Harford explains basic economic models in a entertaining way but sometimes his explanations are very detailed and sometimes, when he mentions complicated facts, his argumentation is not very clear for persons who read something about economics for the first time.
And you have to beware of taking all the given information too serious. The "basic-knowledge" is described very good but some of the author's interpretations are highly questionable.
Nevertheless you should read the book because it enthuses a person with economics, even if you don't know anything about this issue. If you combine the lecture of this book with a reference book, you will have the best possibilities to understand economic processes better.