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Who makes most money from the demand for cappuccinos early in the morning at Waterloo Station?

Why is it impossible to get a foot on the property ladder?

How do the Mafia make money from laundries when street gangs pushing drugs don’t?

Who really benefits from immigration?

How can China, in just 50 years, go from the world’s worst famine to one of the greatest economic revolutions of all time, lifting a million people out of poverty a month?

Looking at familiar situations in unfamiliar ways, THE UNDERCOVER ECONOMIST is a fresh explanation of the fundamental principles of the modern economy, illuminated by examples from the streets of London to the booming skyscrapers of Shanghai to the sleepy canals of Bruges. Leaving behind textbook jargon and equations, Tim Harford will reveal the games of signals and negotiations, contests of strength and battles of wit that drive not only the economy at large but the everyday choices we make.

Acknowledgements

Introduction

1 Who Pays for Your Coffee?

2 What Supermarkets Don't Want You to Know

3 Perfect Markets and the＂Workd of Truth＂

4 Crosstown Traffic

5 The Inside Story

6 Rational Insanity

7 The Men Who Knew the Value of Nothing

8 Why Poor Countries Are Poor

9 Beer,Chips and Globalisation

10 How China Grew Rich

Notes

Index

Tim Harford currently works for the World Bank in Washington. He writes the ‘Dear Economist’ column for the FT Saturday magazine. An award-winning public speaker, Tim has been an economist for a major oil company and an economics tutor at Oxford Univers

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