Page 70 - Praeger ACPL Fall 2017
P. 70
ECONOMICS
NEW
The Traveling Economist
Using Economics to Think about What
Makes Us All So Different and the Same
TODD A. KNOOP, PHD
The principles and mechanics of economics are firmly rooted in everything
around us, in our home country as well as in every nation and culture around
the world. Having a basic grasp of economics can help all travelers to think
more carefully about why things work differently in different places. Armed
with this knowledge, readers will be equipped to better appreciate—and learn
from—the beauty and complexity of the world around us.
The Traveling Economist: Using Economics to Think about What Makes Us
All So Different and the Same illustrates important economic concepts that
March 2017, 332pp, 6 1/8x9 1/4 every traveler and world citizen should understand. Employing clear, jargon-
Print: 978-1-4408-5236-7
$48.00, £37.00, €44.00 free explanations and illustrated with real-life examples, Knoop uniquely
eBook: 978-1-4408-5237-4 focuses on the interplay between travel and economics. He uses our shared
travel experiences to illustrate exactly how economic thinking supplies such
a powerful framework for understanding the world around us. More than
S AMPLE T OPICS simply explaining economics through travel experiences, this book enables
• Creative Destruction adventurers who desperately want to avoid being tourists—i.e., people who
• Growth Miracles travel to see what they know is there—to become explorers: those who learn
each and every day from what they witness
• Law of Diminishing Marginal Returns
• Micro- and Macroeconomic Causes of Poverty
FEATURES
• Natural Resource Economics • Explains economic concepts in the context of international travel that allow
• Risk Aversion travelers to better understand the differences in living standards between
people and places, and why social behaviors or legal standards differ so
dramatically between countries
• Explores the role—and limits—of culture in explaining the differences
between people around the world and the interaction between economics
and nature
• Addresses the reasons for why technology does, and does not, spread
to different areas of the world; why haggling is so important in poorer
countries, and what this tells us about the benefits and cost of trade; and
why tourism is a public good and the benefits and challenges this reality
creates for societies
TODD A. KNOOP, PhD, is the David
Joyce Professor of Economics and
Business at Cornell College.
68 FALL 2017
