Charles Wheelan's Naked Economics is pretty good as popular books on economics go. It is a very clear basic discussion of a number of the more important economic issues that effect individuals, countries, and the world. The basic lessons, as one would expect are about markets, and incentives. But there are also great discussions about inflation, deflation, interest rates, globalization, the IMF, the World Bank and a whole host of other things.
I thought the discussion of demystifying the fed was great, as I never really knew what exactly the fed does, and how it controls interest rates or the money supply? Wheelan really clears a lot up.
The book has no math, and no graphs or charts, but it manages to get it's point across pretty well. It is peppered with anecdotes about interesting economic thingies, and has a spate of good examples. I enjoyed the book.
Saturday, June 23, 2007
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I was surprised by how much I enjoyed reading this book. His writing style is warm and often humorous. A must-read for all my neo-hippie friends in their twenties.
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