Naked Economics: Undressing the Dismal Science / Edition 1

Naked Economics: Undressing the Dismal Science / Edition 1

4.3 52
by Charles Wheelan
     
 

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ISBN-10: 0393049825

ISBN-13: 9780393049824

Pub. Date: 09/28/2002

Publisher: Norton, W. W. & Company, Inc.

Finally! A book about economics that won't put you to sleep. In fact, you won't be able to put this one down.Naked Economics makes up for all of those Econ 101 lectures you slept through (or avoided) in college, demystifying key concepts, laying bare the truths behind the numbers, and answering those questions you have always been too embarrassed to ask. For all

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Finally! A book about economics that won't put you to sleep. In fact, you won't be able to put this one down.Naked Economics makes up for all of those Econ 101 lectures you slept through (or avoided) in college, demystifying key concepts, laying bare the truths behind the numbers, and answering those questions you have always been too embarrassed to ask. For all the discussion of Alan Greenspan in the media, does anyone know what the Fed actually does? And what about those blackouts in California? Were they a conspiracy on the part of the power companies? Economics is life. There's no way to understand the important issues without it. Now, with Charles Wheelan's breezy tour, there's no reason to fear this highly relevant subject. With the commonsensical examples and brilliantly acerbic commentary we've come to associate with The Economist, Wheelan brings economics to life. Amazingly, he does so with nary a chart, graph, or mathematical equation in sight—certainly a feat to be witnessed firsthand. Economics is a crucial subject. There's no way to understand the important issues without it. Now, with Charles Wheelan's breezy tour, there's also no reason to fear it. "Explains our global economy in a way that is—gasp!—actually entertaining."—Book "Translates the arcane and often inscrutable jargon of the professional economist into language accessible to the inquiring but frustrated layman....Clear, concise, informative, [and] witty."—Chicago Tribune "Wheelan has an anti-Midas touch. If he touched gold he would turn it to life."—Burton G. Malkiel, from the foreword

Product Details

ISBN-13:
9780393049824
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
09/28/2002
Edition description:
1ST
Pages:
288
Sales rank:
465,252
Product dimensions:
6.50(w) x 9.60(h) x 1.00(d)

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Naked Economics 4.3 out of 5 based on 0 ratings. 52 reviews.
vegasbookworm_31 More than 1 year ago
For anyone looking for a way to gain some basic knowledge of economics without the grsphs this is your book. I read it years ago in paperback and am excited to read it again.
Praetor More than 1 year ago
One of the most well written economics books that removes the technical terms and describes economics in layman's terms. If you want to grasp economics in a easily read way, this book is for you.
Anonymous More than 1 year ago
WillingStudent More than 1 year ago
Wheelan's work is straightforward enough for a beginner (it has, in fact, been used as an Honors Economics textbook in high school) and detailed enough to not seem overly simplistic. The author leads one through the basic ideas and concepts of economics (with much relevant contemporary data) and teaches one to think like an economist. This book is highly recommended for anyone who wishes to find an enjoyable introduction to this "dismal" science.
Nelaine More than 1 year ago
NAKED ECONOMICS came out long before the banking/housing crisis, but the pages on the S&L crisis were a blueprint for the latest finacial debacle. If only the U.S. government had learned its lesson the first time, we would be in a different place today. This book, as it came out long before, does not address that 2007 crash, but the logical progression of comparable behaviors, shown here, leads the reader to an intuitive grasp--not one filled with incomprehensible numbers and mathematical processes--of the issues. Intuition is the key, but there is nothing mystical about it. Wheelan helps the lay person to see economics and understand the behind-the-scenes working of it. An economist who shuns the so-called virtues of "share the wealth," Wheelan reinforces the idea that capitalism ultimately generates wealth and choice, and it tends to provide a better life for almost all, as a result. A free market means that cost cutting will cost jobs, but, over time, progress, not stagnation, is the result. He is not afraid to say, though, that such ideas are always more acceptable in the abstract than when they happen to us. That is a serious issus, seriously addressed. My animosity toward by boards of corporations when they give CEOs huge stock options was transformed by his explanation of the rationale behind such decisions, and their benefit for me, the shareholder in a corporation over which I have no control. I am no less antagonistic toward CEOs for getting so much for doing so little, and for creating a wealth gap that is unconscionable, but at least I now understand the motivation behind the decision. This "dismal" science never really was that, but it seemed a far cry from transformational. Not any longer, because Wheelan knows how to write in a way that challenges the ideas and energizes the mind of the reader.
Anonymous More than 1 year ago
I am the kind of person who likes to have a basic idea of prominent things that are discussed among "fancy people" during dinner parties or casual lunch conversations. With this book you are able to gain a basic understanding of what it means to think like an economist. It reads more like a humor book than a textbook, and the ideas he presents can really get you thinking. I recommend this book to anyone even if the are not planning on ever studying economics because even if you don't study it, it still exists and you should know about it. 
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This was really good, got me really excited to be an econ major next year. Probably a little to simple at some parts if you already know a bit about economics, though at other parts some concepts can be tough to grasp. A really great read all around and a good starting point for looking into other works :) highly recommend
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Beverly_Kurtin More than 1 year ago
I breezed though this book and re-read it to make sure that I had understood some of the finer points that had been made. Until now, economics had to do with how much money I had in my checking account (never enough <G>) but now I've got at least enough to discuss the subject more intelligently. The only problem I had with the book was that I sometimes got pretty chilly sitting around reading the book sans clothes. I recommend this book for anyone who would like to have more than just a basic idea of what economics are and how they function in our daily lives.
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Anonymous More than 1 year ago
Just a terrific explanation of the science of economics in plain simple language that makes it easy to understand. Updated version is timely given our present world economic challenges. The explanation of the role that public policy plays in managing the economy is very well written without being political. Highly recomend!
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CarianneCW More than 1 year ago
This book helped me get an A- in a subject I barely understood!
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