EPILOGUE

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 Economic theory is used to link seemingly disparate topics and fields. The author's purpose was to demonstrate that, given the right data, one could see beyond obvious correlations and conventional wisdom to uncover real stories.

  • There is a common thread among the topics in the book, regardless of whether there is a "unifying theme": how people act in real life. The only thing that needs to be done is to apply a new methodology to discern and measure data.
  • It is intended to make people think twice about conventional wisdom.
  • Economic decisions are not always directly related to morality.
Economics is a fascinating subject because it touches on almost every aspect of life. This makes it a very broad field, but also a very challenging one. If you want to get a good understanding of economics, then you'll need to spend some time reading about it. You can start by looking at these book summaries and recommendations.

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