Description
“Naked Economics: Undressing the Dismal Science” is a book by Charles Wheelan that aims to make economics accessible and engaging to a general audience. First published in 2002, it provides an introduction to key economic concepts and principles without resorting to complex jargon or mathematical formulas.
In the book, Wheelan covers a wide range of topics, including supply and demand, markets, government intervention, international trade, economic growth, and macroeconomic policy. He uses real-world examples, anecdotes, and analogies to illustrate economic principles and demonstrate their relevance to everyday life.
One of the central themes of “Naked Economics” is the idea that economics is not just about numbers and graphs but is fundamentally about understanding human behavior and the choices individuals, businesses, and governments make in the face of scarcity. Wheelan emphasizes the importance of incentives, trade-offs, and unintended consequences in shaping economic outcomes.
The book also explores various debates and controversies within economics, such as the role of government in the economy, the benefits and drawbacks of globalization, and the causes of economic inequality.
“Naked Economics” has been praised for its clarity, wit, and ability to make economics engaging and understandable for readers with little or no background in the subject. It has become a popular resource for students, policymakers, and anyone interested in gaining a better understanding of how the economy works.
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