Presents students the tools and skills to apply economic principles to the world around them. This title offers coverage of traditional topics of intermediate price theory as well as emerging issues, such as the economics of information.[...]

Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows [...]