Naked economics wheelan charles

[...]... This book is not economics for dummies; it is economics for smart people who never studied economics (or have only a vague recollection of doing so) Most of the great ideas in economics are intuitive when the dressings of complexity are peeled away That is naked economics Economics should not be accessible only to the experts The ideas are too important and too interesting Indeed, naked economics can... everyday life This book by Charles Wheelan changes all that Wheelan has an anti-Midas touch If he touched gold he would turn it to life This is a truly unique book It contains no equations, no inaccessible jargon, and no inscrutable diagrams While equations and diagrams may well be behind many of the ideas in economics, Wheelan shows that they can be reduced to plain English He boils economics down to its... at the cacophony of competing arguments? Wheelan parses the jargon and pierces the politics to lay bare the essential issues In so doing, he successfully transforms the dismal science into a lively weaving of economics and politics into the fabric of national discourse and policy Wheelan has produced a delightfully readable guide to economic literacy By boiling economics down to its essentials, he makes... excessive use of mathematics Moreover, they often fail to admit what they don’t know Why is economics the butt of so many jokes, and why do students often become glassy-eyed when confronted with the study of economics as a discipline? The reasons, I think, are that economists generally do not write well and that most economics texts rely far too much on algebraic manipulation and complex diagrams Moreover,... bubble And it can be explained best by incorporating psychology into economics, namely the tendency of individuals to believe that whatever is happening now is what’s most likely to happen in the future Economics is evolving, like every discipline One of the most interesting and productive areas of inquiry is the field of behavioral economics, which explores how individuals make decisions— sometimes... citizens desire Did you ever wonder why mohair farmers earned a subsidy from the federal government for decades? Wheelan explains how politics and economics can lead to such results Do you really understand why Ben Bernanke is often referred to as the second most powerful person in the United States? Wheelan demystifies the effect of monetary policy on economic activity Did you ever consider that you never... shows that economics can be explained without graphs, charts, and equations He demonstrates that economic analysis can be intensely interesting The book should provide a useful supplement for the college and high school basic course on the economy More important, it can stand on its own as an introduction to the field that will change the views of those people who have rejected the study of economics. .. English; he may not The material is dry and mathematical Come exam time, students may be asked to derive a demand curve or differentiate a total cost function This is Economics 101 Students are rarely asked, as they might be, why basic economics made the collapse of the Soviet Union inevitable (allocating resources without a price system is overwhelmingly difficult in the long run), what economic benefit... “giant sucking sound” as jobs left the United States for Mexico The phrase was memorable; the economics were wrong It didn’t happen The Perot campaign was, as he might have put it, “a dog that didn’t hunt.” But that does not mean that those world leaders who do get themselves elected have a solid grasp of basic economics The French government in 2000 undertook a program to tackle chronic double-digit... the presidency of fellow Democrat Bill Clinton Were Obama’s comments good economics, or just good politics (since he happened to be running against Bill Clinton’s wife)? After Chapter 12, you can decide I offer only one promise in this book: There will be no graphs, no charts, and no equations These tools have their place in economics Indeed, mathematics can offer a simple, even elegant way of representing . of Congress has catalogued an earlier edition as follows: Wheelan, Charles J. Naked economics: undressing the dismal science /Charles Wheelan; foreword by Burton G. Malkiel. —Fully rev. and updated. p x0 y0 w0 h0" alt="" More praise for naked economics by Charles Wheelan “I recommend this book to anyone who wants to gain an understanding of basic economics with little pain and much pleasure.” —Gary. of complexity are peeled away. That is naked economics. Economics should not be accessible only to the experts. The ideas are too important and too interesting. Indeed, naked economics can even be fun.