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Book Review: Naked Economics

Undressing the often excrutiating science

So here I was, all set to tackle The End of Poverty by Jeff Sachs; however, after reading Bill Easterly’s The White Man’s Burden last month, I was yearning for a deeper understanding of several economic issues that arose while reading the latter (great) book. Naked Economics by Charles Wheelan fit the bill, and then some! I highly recommend this book to anyone that wishes to understand basic—and some not so basic—economic concepts without having to suffer through endless chapters full of charts, graphs, and formulas so convoluted that even Einstein would scratch his bushy noggin.

He does a great job of using simple, even funny language to explain some of the ideas and concepts that escape most economic lay-people (such as myself). His chapters on the Federal Reserve and Global Trade, in particular, were standouts that truly made me view the world in a different way. Anyone reading this review probably just raised a skeptical eyebrow, but it’s true, Wheeland can even make the Fed and the machinations of Ben Bernake seem like a John Grisham page-turner …ok, well maybe that’s going a bit far, but I did enjoy and learn a lot from the book, nonetheless.

Rating: 4 out of 5 stars