Author: Steven E. Landsburg

Synopsis by Faisal Quaiyyum Inan

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Price range:
BDT 300- BDT 2500

With an underlying theme containing four words: 'People respond to incentives', The Armchair Economist, written by C, applies economic theories in everyday lives while explaining an extensive range of different issues.

In this book, Landsburg tries to answer questions such as why life is full of disappointments, why rising unemployment is good sometimes, how the workers can be worsened off due to workplace safety, which the bearers of the cost of oil spills should be, why failed executives are paid highly, whether government deficits really matter or not, what kind of rich should not be taxed and so on. 

Author: Tim Harford

Synopsis by Takrim Hossain

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Price range:
BDT 200- BDT 1500

The Undercover Economist’ is a best-selling book written by English economist and long time Financial Times columnist Tim Harford.  Published in 2005 by ‘Little, Brown’ , it has sold over a million copies worldwide as of today. Very beautifully written and argued, the book is widely considered as one of the best for understanding the daunting jargons and terminologies of Economics.
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​The book provides an introduction to the principles of economics and discusses topics such as price determination, interaction between supply and demand, globalization, externalities and comparative advantage. It also covers topics of neoclassical economics such as market failure and international trade. But what makes this book so special is Tim’s ability to make the readers understand complex ideas very easily. The author is successful in illuminating intricate topics in clear and entertaining English.

Author: Nassim Nicholas Taleb

Synopsis by Farha Tasneem

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Price Range:
BDT 200 – BDT 3500

Synopsis: 

The Black Swan by Nassim Nicholas Taleb discusses human psychology and decision making in rare improbable events. He explains how unexpected outlier events dramatically change our lives and when they do so, what we can do to become better at expecting the unexpected. Taleb calls this the “Black Swan Theory”. This book is the second book of the five books in Taleb’s “Incerto” series and has spent 36 weeks on New York’s bestseller list.

The Black Swan is a positive or a negative outlier event that has extreme impact and is explainable in retrospect. Because of its high impact on our lives, they cannot be avoided; rather we need to increase exposure to positive black swans and limit them to the negative ones. Therefore, building robustness to these events, which is the central idea of the book. 

Author: Steven D. Levitt & Stephen J. Dubner

Synopsis by Faisal Quaiyyum Inan

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Price range: 
BDT 150 - BDT 1500

Synopsis:

According to the authors, Freakonomics is a book that shows the application of economic theories in very diverse aspects which are not usually covered by 'traditional' economists. Without any confusion, this book is one of the most-read economics books, read widely by students and scholars of any discipline. Interestingly, this book has gained not only positive but also negative feedback. 

Quoting from the official synopsis of this book, "Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work."