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Review of Naked Economics: Undressing the Dismal Science

Posted by phduffy on 2004-01-07 23:39:33
12 forum posts
This is a book that attempts to decode the basics of economics for the lay person.

As stated in the intro, this isn't economics for dummies, but economics for smart people that didn't take economics. No graphs, curves or math formulas show up in the book.

The book attempts to explain the basics of economics on issues like trade, inflation, pricing, etc. Many anecdotes sprinkle the book.

While at first I thought that the author might be a bit biased, he pretty much bashes everyone, left or right. There's a very good explanation of how and why small groups hold so much power in our society. Each chapter is sprinkled with references to Nobel prize winners and the conclusions of their work. Most of which is surprisingly simple to understand. You don't have to be a rocket scientist.

There's also a very good chapter on the IMF, the World Bank, and international trade that explains why they do what they do, and what's good about it.

I would strongly recommend this book to anyone that has the slightest interest in our economy, politics, trade, or anything else like that. After taking Econ 101 at school I thought it was a shame that it wasn't required for everyone, as you learn so much about how our world works. Well, here's a way to get it in a fun environment with no test and no numbers. (Although you also don't get Larry Smith, Waterloo's number 1 prof).
  12 forum posts