Naked Economics
A couple weeks ago I picked up a book titled Naked Economics by Charles Wheelan and (call me a nerd) I’ve found it difficult to put down. He presents economic theory in a very accessible way, covering everything from the basics, such as why markets exist, to the role of the Federal Reserve Bank in controlling economic growth and inflation.
He explains (from an economists point of view) basic free-market capitalism, incentives (why do Americans insist on buying gigantic SUVs?), the role of government, the importance of information, productivity, financial markets, the economics of special-interest groups, gross domestic product, how the Federal Reserve works, and globalization. Wheelan manages to cover all these topics in a quite objective, balanced, and engaging manner, using simple examples and plain language with a smattering of humor. Surprisingly absent in this book are equations, charts, and diagrams.
If you have any interest in learning about free-market capitalism, I highly recommend this book
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