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Naked Economics Audiobook

Naked Economics: Undressing the Dismal Science

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Publisher's Summary

In Naked Economics, journalist Charles Wheelan does “the impossible”—he makes economic principles relevant, interesting and fun. Brimming with scores of down-to-earth examples and sprinkled with humorous anecdotes, this comprehensive overview will keep listeners smiling and wide awake.

©2002; 2010 Charles Wheelan (P)2010 Recorded Books, LLC

What the Critics Say

“Gain an understanding of basic economics with little pain and much pleasure.” (Gary Becker, 1992 Nobel Prize winner in economics)

"This is a thoughtful, well-written introduction to economics, with the author projecting a genuine excitement for his material that makes it not quite so dismal." (Library Journal)

What Members Say

Average Customer Rating

4.3 (208 )
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4.4 (150 )
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Performance
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  •  
    anonymous 06-07-11
    anonymous 06-07-11
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    "Some useful info but a lot more dogma do-do"

    I've always found it sad that what passes under the term "economics" today is really neoclassical economics, a very unrealistic, ideological, and reductionist interpretation founded on some very problematic assumptions (rational agents who maximize their own personal utility ignoring contextual economic conditions, equilibrium conditions, methodological individualism, physics envy, Consumer Demand Theory, General Equilibrium Theory, instantaneous adjustments, etc.). Wheelan seems to uncritically accept a lot of this orthodox dogma.

    1.) Rational agents can't be coerced into accepting available economic choices. Suppose you like a certain product (i.e. beef steak) but don't like how it's produced (i.e. by torturing the animal). To the neoclassical economist you have two choices, or voting on your economic options: you buy or you don't buy. To people living in the real world you could try to change the product. Wheelan simply makes the conclusion that if employees choose to work at a sweatshop then it must be what maximizes their utility so let's respect their choice.

    2.) The myth of perfect taxes that doesn't cause "distortions." Actual preferences are usually labile and can adopt themselves to the available choices. Behavioral econ does a better job of explaining the sort of compartmentalized thinking people actually engage in.

    3.) The successful must somehow have deserved their success since the free market efficiently allocates societal resources: There's a strange example given of how Steve Jobs and Bill Gates could recreate their wealth but that dropouts would have problems adjusting, ignoring the fact that Steve Jobs and Bill Gates are university dropouts.

    4.) There's fawning worship of economic experts with a lot of name-dropping and I was told that in the text version there was an unabashed lauding of Alan Greenspan as having done everything right with his "Greenspan put."

    But there is some useful info offered: good explanations of real vs. nominal int...

    16 of 22 people found this review helpful
  •  
    Jonnie Panama City, FL, United States 09-17-10
    Jonnie Panama City, FL, United States 09-17-10 Member Since 2014
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    "Better than average... for an economics book"

    Three and a half stars. This is a good introductory text to basic economic principles. It covers the standard areas that are traditionally covered without a lot of technical mumbo-jumbo. It has a lot of interesting stories describing the ideas presented. All of that said however it is still a basic economics text and it is hard to make that an interesting listen or read for most people.

    5 of 9 people found this review helpful
  •  
    Mark 03-06-15
    Mark 03-06-15 Member Since 2010
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    "Excellent beginner's guide to Econ"

    This is the perfect book for people learning to understand basic economic concepts- similar to the Undercover Economist. I would highly recommend this book.

    1 of 2 people found this review helpful
  •  
    Amazon Customer 09-14-13 Member Since 2011

    JimBobBillyJoeJackJasonTom

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    "Basic Refresher"
    What made the experience of listening to Naked Economics the most enjoyable?

    This book is well written, but it is important the recognize the target audience. It is targeted at people that have either never studied economics, or have not looked at it is some time. It is not putting anything new forward, but it is explaining basic economics in a simple way.


    0 of 0 people found this review helpful
  •  
    David NASHVILLE, TN, United States 05-18-12
    David NASHVILLE, TN, United States 05-18-12 Member Since 2014
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    "Not bad, not great"

    This book can be a little smug and a little slanted. I tended to forget that it was trying to make the listener understand certain points of view because it got to the point where it assumed certain beliefs as infallable.

    1 of 2 people found this review helpful
  •  
    Tommy 04-22-16
    Tommy 04-22-16 Member Since 2016
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    "Great explanation on economics"
    Would you listen to Naked Economics again? Why?

    Yes it was a great explanation on how the economy works. The book was easy to understand and very insightful.


    0 of 1 people found this review helpful
  •  
    Bridgette Long 04-06-16
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    "Should be a part of high school curriculum"

    Very good book. It should be part of high school curriculum across America. Well done!

    0 of 1 people found this review helpful
  •  
    Anton Vikoch 01-29-16 Member Since 2012
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    "awesome!"

    great narrator and great book. if you like naked statistics outs going to be hard to figure out which you like more

    0 of 1 people found this review helpful
  •  
    Daniel S. Albert Orlando, FL United States 06-25-15
    Daniel S. Albert Orlando, FL United States 06-25-15 Member Since 2014
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    "Non-boring economics!"

    This is the book I wish they had when I was in college! Naked Economics breaks down what happens in the real world versus the theory. Well written, well read, well understood.

    0 of 1 people found this review helpful
  •  
    Hailey Francis 03-30-15
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    "This is a book for everyone!"

    I loved this book. easy to follow and very interesting. I recommend it to everyone!

    0 of 1 people found this review helpful

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