Narrated by John Lee

Life seems illogical sometimes. Individuals do risky things: take drugs,
have unprotected sex, mug each other. If you've ever been in love, you
know how crazy it feels, and divorce rarely looks like a rational process.
The unfathomable appears on a larger scale: why do some neighborhoods
thrive while others become ghettos, some cities live while others die?
Why is the United States a democracy while China is not? Thorny questions,
and you might think the outcome is impossible to predict. But economists
believe that life is logical, and rational patterns often underpin what
looks like chaos or confusion.

THE LOGIC OF LIFE reveals that rational behavior appears in the most
unexpected places: drug addicts and muggers behave rationally. Suburban
sprawl and inner city decay also follow rational patterns. Economics can
explain how teenagers decide whether or not to have sex, why your boss
is overpaid, and why your neighborhood is segregated. Using economic tools
to pry open the secrets of human behavior, THE LOGIC OF LIFE unifies the
new economics and accessibly presents for the first time its compelling
strengths and frustrating blind spots.

Starting with the most intimate decisions, THE LOGIC OF LIFE shows,
against all expectations, that unlikely people in unlikely situations
are responding rationally to far-off costs and benefits. Then the scope
broadens to show the logic of the family, of neighborhoods, corporations,
and even civilization itself. This is the new economics of everything you
never thought was economics, and it will help you see the world in
a new way.

Download File Size:215.45 MB

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