The Undercover Economist Strikes Back (2013) by Tim Harford is another excellent book from a superb economics writer. This book covers macroeconomics and presents a Socratic dialogue where Harford discusses how to run a modern economy. This sort of dialogue is often trite. However Harford manages through his mastery of the subject and by being reasonable, skeptical and carefully presenting both sides of an argument to make it highly informative and enjoyable.
Sadly the cover of the edition I have has a quote from Alex Bellos suggesting that Harford could be Britain’s Malcolm Gladwell. While Harford has some similarities to Gladwell in that both write excellent infotainment Harford is much better because he writes over a more limited subject area but with much greater depth of knowledge.
The book covers recessions, money, inflation, stimulus, output gaps, unemployment, management, GDP, happiness and endless economic growth. It covers all with such aplomb that it’s hard to pick out the best bit.
Stylistically Harford uses a dialogue and also has the wonderful character of the economist Bill Phillips to provide a narrative core for the book. It all works.
This book is a delight to read.