[Beta]

The Undercover Economist: Exposing Why the Rich Are Rich, Why the Poor Are Poor--And Why You Can Never Buy a Decent Used Car!

Tim Harford

Notes
Another fun romp through the surprisingly fascinating world of economics.
David Ricardo was a wealthy stockbroker and member of Parliament in the 1800s who studied the dynamics of land prices during the Napoleonic wars.
(pg. 6) aaronbo
Even a single extra person worth of demand can tip the whole pricing structure of a market. This applies as much to 19th century farmland as it does to 21st century coffee bars.
(pg. 8) aaronbo

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