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The Economics of Small Things

The Economics of Small Things

Now with a New Preface and Discussion Guide

Sudipta Sarangi
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Buying Options
Paperback / Hardback

What do peacocks, fountain pens and IIT degrees have in common? Do you think creating good cricket teams or for that matter, any team, is like designing a good stock portfolio? In The Economics of Small Things, Sudipta Sarangi reveals the hidden logic governing our daily lives, proving that economics isn’t just about stock markets—it is about the choices we make every single day.

From the bargaining power of domestic help to the signalling games played on first dates, Sarangi uses delightful anecdotes and pop-culture references—from Lage Raho Munna Bhai to the game of Chicken—to explain how complex concepts, such as asymmetric information, focal points and efficiency wages, are a part of our lived experiences. He demonstrates how ‘small things’, such as the price of a mango or a viral forward, illustrate the fundamental principles of human behaviour and social coordination.

Written with warmth, wit and clarity, this book is a journey through the ‘economics of the ordinary’. It transforms the mundane into the fascinating, offering a fresh lens to understand the world. You’ll never look at a grocery shelf or a traffic jam the same way again.

Imprint: India Penguin

Published: Apr/2026

ISBN: 9780143450375 (Paperback)

Length : 296 Pages

MRP : ₹399.00

The Economics of Small Things

Now with a New Preface and Discussion Guide

Sudipta Sarangi

What do peacocks, fountain pens and IIT degrees have in common? Do you think creating good cricket teams or for that matter, any team, is like designing a good stock portfolio? In The Economics of Small Things, Sudipta Sarangi reveals the hidden logic governing our daily lives, proving that economics isn’t just about stock markets—it is about the choices we make every single day.

From the bargaining power of domestic help to the signalling games played on first dates, Sarangi uses delightful anecdotes and pop-culture references—from Lage Raho Munna Bhai to the game of Chicken—to explain how complex concepts, such as asymmetric information, focal points and efficiency wages, are a part of our lived experiences. He demonstrates how ‘small things’, such as the price of a mango or a viral forward, illustrate the fundamental principles of human behaviour and social coordination.

Written with warmth, wit and clarity, this book is a journey through the ‘economics of the ordinary’. It transforms the mundane into the fascinating, offering a fresh lens to understand the world. You’ll never look at a grocery shelf or a traffic jam the same way again.

Buying Options
Paperback / Hardback

Sudipta Sarangi

Economics often hides in the small things we encounter frequently and in the decisions we make every day —and Sudipta Sarangi enjoys uncovering them. A professor of economics at Virginia Tech, his research spans networks, development economics and behavioural economics, with a focus on how individual decision-making interacts with social and institutional structures. Over the years, he has consulted with organizations like the World Bank and the Food and Agriculture Organization, has been a member of several journal editorial boards and served as a jury member for the Infosys Prize in 2024 and 2025. He has also been a fellow of the French Institutes for Advanced Studies. He grew up in the city of Rourkela in India, which he still loves to visit. As a student, he lived in Delhi before moving to the United States for his doctoral studies. Later, he spent time in Washington, D.C., working as a programme director at the National Science Foundation. Currently, he lives in Blacksburg, a small town tucked into the mountains of Southwest Virginia, with his wife, daughter and their dog, Duffly. When he isn’t teaching or writing, he enjoys music, books and inventing wonderfully silly games with his daughter. Some of his favorite places in the world include Berlin in the summer, Paris in every season and Istanbul, especially for its stunning views and unforgettable food.

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