Book review: The Undercover Economist -- by Tim Harford

Book review: The Undercover Economist -- by Tim Harford

This is my speed review for the busy blog reader!

This is a good book to give a simple introduction to economics in everyday action. You don't need to read the whole thing to get the gist as it seems to get a big repetitive (this is my comment on just about every non-fiction book these days).

Also to be honest, I couldn't be entirely comfortable about the argument towards the end of the book that third world sweatshops are good because economics tells us so. This is all based on the theory of comparative advantage. This is all very well, but what happens if one country has no comparative advantage, that there is nothing they can do better than anyone else.