Analytical – You’ll understand the inner workings of the subject matter. Inspiring – You’ll want to put into practice what you’ve read immediately. 0000001314 00000 n 0000000016 00000 n Often they do worse. As with the clock, you are about to pay when another shopper says the same computer is on sale at the shopping center for $2,500. THE ECONOMIC NATURALIST* By Edwin B. Wilson It is always difficult, almost to the point of impossibility, adequately to review a monograph by a great naturalist, whether it be by Roland Thaxter on Laboulbeniaceae or by W. M. Wheeler on ants or by Mitchell on business cycles. Scientific – You’ll get facts and figures grounded in scientific research. %���� We rate each piece of content on a scale of 1–10 with regard to these two core criteria. Eloquent – You’ll enjoy a masterfully written or presented text. startxref The students shouldn’t be too embarrassed, though. What we say here about books applies to all formats we cover. Most people say they wouldn’t. Our rating helps you sort the titles on your reading list from adequate (5) to brilliant (10). Answering randomly gave the students a 25% chance of being right, yet only 7.4% answered correctly. Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends. Helpful – You’ll take-away practical advice that will help you get better at what you do. 0000002941 00000 n Fed up with these dismal results, Frank tried something new. Well structured – You’ll find this to be particularly well organized to support its reception or application. getAbstract recommends it enthusiastically. For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge. A basic economics course at a university costs thousands of dollars, yet when students are tested six months after their final exams they do little better than those who never took the class. At getAbstract, we summarize books* that help people understand the world and make it better. “Drive all that way for a measly ten bucks? Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes. Robert H. Frank is the Henrietta Louis Johnson Professor of Management and Professor of Economics at Cornell University’s Johnson Graduate School of Management. According to professor Robert H. Frank, economics pedagogy is a scandal. One study asked students a simple multiple-choice question about opportunity costs. Would you go to the shopping center? The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost benefit principle, the "no cash left on the table" principle, and the law of one price. “Pay double? Comprehensive – You’ll find every aspect of the subject matter covered. This is as delightful and painless a way to learn fundamental economics as there is. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. This is as delightful and painless a way to learn fundamental economics as there is. Eye opening – You’ll be offered highly surprising insights. For experts – You’ll get the higher-level knowledge/instructions you need as an expert. And yet, as you have undoubtedly noticed, in each case the amount you could save is the same: $10. *getAbstract is summarizing much more than books. Suppose your alarm clock just broke and you need a replacement. %PDF-1.3 0000000691 00000 n According to professor Robert H. Frank, economics pedagogy is a scandal. The Economic Naturalist employs basic economic principles to answer scores of intriguing questions from everyday life, and, along the way, introduces key ideas such as the cost benefit principle, the "no cash left on the table" principle, and the law of one price. endstream endobj 35 0 obj <>>>>>/Type/Catalog>> endobj 36 0 obj <>/Font<>>>/Fields[]>> endobj 37 0 obj <>/ProcSet[/PDF/Text/ImageB]/XObject<>>>/Rotate 0/Type/Page>> endobj 38 0 obj <> endobj 39 0 obj <>stream Although this formula of applied Economics has been used many times before, I feel this offers a useful addition to the growing genre of applied economics. Often they do worse. 0 trailer Do I look like an idiot?” Okay, now suppose you are about to buy a $2,510 laptop computer in an electronics store. 0000000476 00000 n 34 9 Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out. Bold – You’ll find arguments that may break with predominant views. (“Why do women’s blouses cost more to launder than men’s?” “Why are milk cartons square while soda cans are round?”) The result was engaged students, real learning and this marvelous, popular little book. A basic economics course at a university costs thousands of dollars, yet when students are tested six months after their final exams they do little better than those who never took the class. %%EOF Engaging – You’ll read or watch this all the way through the end. Visionary – You’ll get a glimpse of the future and what it might mean for you. Most people say they would. It is based on questions asked by first year students of Robert Frank's economic course. 0000001223 00000 n There is no more delightful and painless way of learning these fundamental principles. As you are waiting, the fellow behind you strikes up a conversation and mentions that the same clock is on sale at a nearby shopping center for $10.