Naked Economics
Naked Economics
Charles Wheelan
Mr. Money Mustache
This book’s claim to fame is that it uses absolutely no graphs or numbers when explaining economics. It’s also moderately funny at times. - MMM
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Naked Economics

Naked Economics: Undressing the Dismal Science

Charles Wheelan
By
Charles Wheelan
4.0
18632
ratings on Goodreads

In the realm of economics, a subject often shrouded in complexity and jargon, "Naked Economics" by Charles Wheelan stands out as a beacon of clarity and wit. Stripping away the daunting facade of graphs and equations, Wheelan presents the principles of economics in a manner that is not only accessible but also engaging. With a narrative that captivates from the first page, this book transforms how we view the world of finance, trade, and policy. It's an enlightening journey through the fundamental forces that dictate our prosperity, challenges, and the choices that lie before us, making it an essential read for anyone looking to understand the mechanics of the modern economy without getting lost in the details. Updated to reflect the nuances of our current financial landscape, Wheelan dives into contemporary issues such as automation, trade wars, income inequality, and the looming specter of national debt with sharp insight and a refreshing dose of humor. "Naked Economics" doesn't just explain the what and the how of economic policies and principles; it illuminates the why, offering readers a solid foundation to grasp the implications of economic events in their daily lives. By demystifying the buzzwords and debunking myths, Wheelan equips readers with not just the knowledge, but also the curiosity and confidence to engage with economic debates. In a world where economic literacy is more vital than ever, "Naked Economics" emerges as more than just a book; it's an investment in understanding the forces that shape our world.

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Released
2002
1 Jan
Length
400
Pages

1

recommendations

recommendation

This book’s claim to fame is that it uses absolutely no graphs or numbers when explaining economics. It’s also moderately funny at times. - MMM
When I applied to graduate school many years ago, I wrote an essay expressing my puzzlement at how a country that could put a man on the moon could still have people sleeping on the streets. Part of that problem is political will; we could take a lot of people off the streets tomorrow if we made it a national priority. But I have also come to realize that NASA had it easy. Rockets conform to the unchanging laws of physics. We know where the moon will be at a given time; we know precisely how fast a spacecraft will enter or exist the earth's orbit. If we get the equations right, the rocket will land where it is supposed to--always. Human beings are more complex than that. A recovering drug addict does not behave as predictably as a rocket in orbit. We don't have a formula for persuading a sixteen-year-old not to drop out of school. But we do have a powerful tool: We know that people seek to make themselves better off, however they may define that. Our best hope for improving the human condition is to understand why we act the way we do and then plan accordingly. Programs, organizations, and systems work better when they get the incentives right. It is like rowing downstream.
— Charles Wheelan, Naked Economics

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