Economics is an expanding field. Previously the realm of bookish analysts trying to manipulate national economic as though they were great machines, it has taken on aspects of psychology and sociology.
As stated by the authors in the introduction, the book is based on a few basic premises:
- Incentives are the cornerstone of modern life.
- The conventional wisdom is often wrong.
- Dramatic efforts often have distant, even subtle, causes.
- Experts use their informational advantage to serve their own agenda.
The ensuing chapters examine each one in greater detail, providing hard data, amusing anecdotes, and convincing conclusions.
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