Summary of The Economic Naturalist

The Economic Naturalist: Why Economics Explains Almost Everything, written by Robert H. Frank, provides readers with insight on everyday economic principles. As an economist, Frank explains how economic reasoning can be used to answer simple questions about our everyday lives. He uses real-life examples to illustrate how economics influences consumption patterns, human behavior, and even seemingly unconnected topics such as health and happiness. Throughout the book, Frank encourages readers to become “economic naturalists” by using basic principles to answer questions about their own lives. Frank explains exactly how economic reasoning can help us understand why people behave in certain ways, why the same products are offered at different prices, and why some decisions seem irrational. This book is a great introduction to the fundamental principles of economics and a detailed guide to the application of economic principles to everyday life.