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Economics in One Virus : An Introduction to Economic Reasoning Through COVID-19 by Ryan A. Bourne (2021, Trade Paperback)

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About this product

Product Identifiers

PublisherCato Institute

ISBN-101952223067

ISBN-139781952223068

eBay Product ID (ePID)18050395694

Product Key Features

Number of Pages320 Pages

Publication NameEconomics in One Virus : an Introduction to Economic Reasoning Through Covid-19

LanguageEnglish

SubjectPublic Health, Education, Economics / Theory, Free Enterprise

Publication Year2021

TypeTextbook

Subject AreaBusiness & Economics, Medical

AuthorRyan A. Bourne

FormatTrade Paperback

Dimensions

Item Height0.8 in

Item Weight0 Oz

Item Length9 in

Item Width6 in

Additional Product Features

Intended AudienceTrade

LCCN2020-054419

Reviews"Ryan Bourne's Economics in One Virus draws on different aspects of the response to and consequences of the COVID-19 pandemic to teach a wide range of lessons about the economy and about economics. While this lively and entertaining book was written during the early stages of the pandemic, it foreshadows many of the challenges and mistakes that plague us until this day. It explains why regulators have been a tremendous obstacle to widespread, cheap, rapid testing for the virus. It highlights why the embrace by some policymakers of a push toward reshoring of supply chains is, generally speaking, unwise. And it makes clear that "reopening" is not just a matter of public announcements or even policy decisions by politicians. Buy it now and absorb its wisdom!", A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics.

Dewey Edition23

IllustratedYes

Dewey Decimal362.196241400973

Table Of ContentINTRODUCTION CHAPTER 1: What Does It Mean to Be Economically "Worse Off" during a Pandemic? An introduction to economic welfare CHAPTER 2: Should I Be Free to Risk Infecting Your Grandma with a Deadly Virus? An introduction to externalities CHAPTER 3: Did We Close Down the Economy? An introduction to public and private action CHAPTER 4: How Much Would You Spend to Save My Life? An introduction to the value of a statistical life CHAPTER 5: When Is a Lockdown Cure Worse than the Disease? An introduction to cost-benefit analysis CHAPTER 6 Why Was I Banned from Going Fishing? An introduction to thinking on the margin CHAPTER 7: What Good Is a Pandemic Plan with So Many Unknowns? An introduction to uncertainty and the knowledge problem CHAPTER 8: Why Did Protests and Marches Not Lead to Obvious Spikes in COVID-19 Cases? An introduction to endogeneity CHAPTER 9: Why Couldn't I Get a COVID-19 Test Back in February and March 2020? An introduction to regulatory trade-offs CHAPTER 10: Why Was There No Hand Sanitizer in My Pharmacy for Months? An introduction to the price mechanism CHAPTER 11: Does the Pandemic Show That We Need More U.S.-Based Manufacturing? An introduction to trade and specialization CHAPTER 12: Why Is That Guy in the Mask Getting So Close? An introduction to moral hazard CHAPTER 13: Why Did Airlines Get a Special Bailout, But Not My Industry? An introduction to public choice economics CHAPTER 14: Why Didn't My Workers Want to Be Rehired? An introduction to incentives CHAPTER 15: Why Weren't We Well Prepared for the Pandemic? An introduction to political incentives CHAPTER 16: Can We Really Just Turn an Economy off and Back on Again? An introduction to the nature of an economy CONCLUSION: What is Economics Good For? ACKNOWLEDGEMENTS NOTES INDEX ABOUT THE AUTHOR

Synopsis"A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." -Tyler Cowen, coauthor of the blog Marginal Revolution Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress? Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, this book offers a crash-course in economics analysis through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns. After completing this highly readable, fast-paced, and provocative virus-themed economic tour, readers will be able to make much better sense of the events that they've lived through. Perhaps more importantly, the insights on everything from the role of the price mechanism to trade and specialization will grant even those wholly new to economics the skills to think like an economist in their own lives and when evaluating the choices of their political leaders., Economics in One Virus provides an introduction to timeless economic insights using the case study of COVID-19., "A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." --Tyler Cowen, coauthor of the blog Marginal RevolutionHave you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress?Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, this book offers a crash-course in economics analysis through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns.After completing this highly readable, fast-paced, and provocative virus-themed economic tour, readers will be able to make much better sense of the events that they've lived through. Perhaps more importantly, the insights on everything from the role of the price mechanism to trade and specialization will grant even those wholly new to economics the skills to think like an economist in their own lives and when evaluating the choices of their political leaders., "A truly excellent book that explains where our pandemic response went wrong, and how we can understand those failings using the tools of economics." --Tyler Cowen, coauthor of the blog Marginal Revolution Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re-hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring-fenced bailout from Congress? Economics in One Virus answers all these pandemic-related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, this book offers a crash-course in economics analysis through the applied case-study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns. After completing this highly readable, fast-paced, and provocative virus-themed economic tour, readers will be able to make much better sense of the events that they've lived through. Perhaps more importantly, the insights on everything from the role of the price mechanism to trade and specialization will grant even those wholly new to economics the skills to think like an economist in their own lives and when evaluating the choices of their political leaders.

LC Classification NumberRA644.C67B68 2021