Here is the synopsis of our sample research paper on Harford: “The Undercover Economist”
. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper summarizes, evaluates and gives a reaction to Tim Harford’s book on economics. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVharfrd.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
works and evaluates it. Discussion Harford says that this book is about "how economists view the world" (Harford, 2006, p. 1), which is far different from the way most of
us see it. An economist, Harford argues, might sit in Starbucks and have a cappuccino, and watch others who are also enjoying their coffee drinks, but he will see the
cappuccino very differently from them (Harford, 2006). To an economist (and, he warns, there might be one near you and youd never know it) the cappuccino is not merely as
a fancy cup of coffee, but the end product of a vast and complex network of many different people and processes: the coffee growers, the farmer who raised the cow
that gave the milk, the people who made the steel and those who manufactured the espresso machine, and so on (Harford, 2006). The economist sees all of these things, and
he also understands something amazing: nobody in the whole world knows how to make a cappuccino (Harford, 2006). That is, no one person knows how to raise cows, grow coffee,
roll steel, manufacture machines and so on (Harford, 2006). The cappuccino, therefore, is a symbol of a vast and complex process that works, but sometimes works in unpredictable ways. Harford
also uses Starbucks to explain why location is so important in real estate and therefore, in economics. He notes that while critics complain that Starbucks seems to have some sort
of "magical hold" on its customers, it clearly does not, or it wouldnt be necessary for the company to have so many locations that we trip over them (Harford, 2006).
What are they doing and how do they get these locations? Starbucks knows that the people who get off the metro in International Square Plaza in Washington, D.C., are grouchy
...