Tim Harford returns as the Undercover Economist with an even bigger target in his sights: to explain how the whole world economy works.
In Tim Harford's new book The Undercover Economist Strikes Back, he sets out to explain how the whole world economy works. In this, the sixth chapter from the book, Harford shows what a recession in a prison camp can tell us about how classical economists think. Readers should note that this ebook is just one chapter from the new book. The full book will be released on August 29.
A million readers bought The Undercover Economist to get the lowdown on how economics works on a small scale, in our everyday lives. Since then, economics has become big news. Crises, austerity, riots, bonuses - all are in the headlines all the time. But how does this large-scale economic world really work Find out in The Undercover Economist Strikes Back.
Every Tim Harford book is cause for celebration. He makes 'the dismal science' seem like an awful lot of fun - Malcolm Gladwell
Tim Harford is a senior columnist for the Financial Times and the presenter of Radio 4's More or Less. He was the winner of the Bastiat Prize for economic journalism in 2006, and More or Less was commended for excellence in journalism by the Royal Statistical Society in 2010, 2011 and 2012. Harford lives in Oxford with his wife and three children, and is a visiting fellow at Nuffield College, Oxford. His other books include The Undercover Economist, The Logic of Life and Adapt.