I purchased this book for personal use.
Everything I Ever Needed to Know About Economics I Learned from Online Dating, written by Paul Oyer and published by Harvard Business Review Press, takes a friendly approach to teaching basic economic concepts. The book covers topics including search, signalling, selection, and network externalities, in a friendly and personal manner. Oyer tells the tale through his own experiences in online dating. As someone who met his wife through online dating, I found myself rooting for the balding economist trying to find love while going through an unhurried divorce.
Light-Hearted, but not Lightweight
Paul Oyer is a professor of economics at the Stanford graduate school of business, so he is used to explaining economics to graduate students. It’s not a simple undertaking to translate that knowledge into terms that can be understood by the general reader. Yes, I understand that anyone who would purchase a book published by Harvard Business Review Press is probably not your average reader, but the book’s title and in the author’s writing style make it clear that this is not a weighty academic tome. If you want one of those, see if you can find a copy of The Economics of Electronic Commerce by Choi, Stahl, and Whinston, which I reviewed on this site in 1998.
Economics and the Online World
I’d imagine that most of my readers will be familiar with at least some of the economic concepts that Oyer discusses in this book. That said, even though I have spent quite a bit of time with the popular literature discussing the economics of online commerce, I learned a few things from reading his book and was reminded of quite a few more concepts that I hadn’t encountered for a while. I also like that the author summarizes the economic concepts that he discussed in each chapter with a series of takeaways at the end. He lists a key insight from economics, a valuable or important empirical finding by economists, how dating compares to the concept discussed in the chapter, and a bit of humorous dating advice that puts a button on the chapter. In the chapter on signaling, for example, he gives this dating advice: “If you want to prove you are rich, burn a big pile of money on the first date.”I enjoyed the author’s take on economics through the lens of online dating. He writes in a familiar, personal style, and ties the economic concepts he wants to explain into his personal narrative seamlessly. I’m just guessing, but I bet his first draft was pretty good. His editor, Tim Sullivan, certainly helped bring the manuscript together into an enjoyable, coherent whole.
I recommend Everything I Ever Needed to Know About Economics I Learned from Online Dating to anyone who is interested in contemporary economics, either as a casual reader just digging into the subject or as a more experienced hand who would enjoy a good-natured review.
Curtis Frye is the editor of Technology and Society Book Reviews. He is the author of more than 30 books, including Improspectives, his look at applying the principles of improv comedy to business and life. His list includes more than 20 books for Microsoft Press and O'Reilly Media; he has also created over a dozen online training courses for lynda.com. In addition to his writing, Curt is a keynote speaker and entertainer. You can find more information about him at www.curtisfrye.com.