---
product_id: 19007693
title: "Naked Economics: Undressing the Dismal Science"
brand: "charles wheelan"
price: "€ 52.70"
currency: EUR
in_stock: true
reviews_count: 9
url: https://www.desertcart.sk/products/19007693-naked-economics-undressing-the-dismal-science
store_origin: SK
region: Slovakia
---

# Naked Economics: Undressing the Dismal Science

**Brand:** charles wheelan
**Price:** € 52.70
**Availability:** ✅ In Stock

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- **What is this?** Naked Economics: Undressing the Dismal Science by charles wheelan
- **How much does it cost?** € 52.70 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.sk](https://www.desertcart.sk/products/19007693-naked-economics-undressing-the-dismal-science)

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## Description

Naked Economics: Undressing the Dismal Science

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## Customer Reviews

### ⭐⭐⭐⭐⭐ 







  
  
    So easy, even a caveman could do it
  

*by P***N on Reviewed in the United States on May 17, 2008*

I thought this was a very good introduction to economics for the layman. Wheelan purports to explain the subject without all the mind-numbing charts and economics jargon and he succeeds in doing just that. My initial reaction to the book was that Wheelan was merely an apologist for unfettered capitalism but it turned out to be a relatively objective work. He gives both sides of the story so to speak, and concludes that government is important to a healthy economy, as long as it is used judiciously. For instance, on page 51 he flatly states; "Anyone who tells you that markets left to their own devices will always lead to socially beneficial outcomes is talking utter nonsense." He points out how most developing countries would love to have the bureaucracy that we have, and this lack of effective government is what keeps many nations from prospering. Of course, this goes both ways as he also describes the damage done by excessive government regulation, as witnessed by states like North Korea. He argues against the allures of protectionism and emphasizes the importance of international trade, for rich and poor countries alike. Besides the relationship between government and economies, the author tackles all the major aspects of economics such as how the financial markets work, the difference between monetary and fiscal policy, the Federal Reserve, inflation, human capital, currency, externalities and so on. His analysis of "creative destruction" can be summed up by the following; "It would have been one thing to help displaced Pony Express workers by retraining them as telegraph operators; it would have been quite another to help them by banning the telegraph." He's actually quite humorous at times also; "Any thoughtful policy analyst knows that some individuals who wear spandex in public should be taxed, if not jailed."Wheelan makes no secret that capitalism is an amoral system that often leaves short-term damage in its wake. He insists though, that in the long-term it is the best system around, hands down. He makes some interesting points about international trade and globalization, pointing out that those who oppose it, often do more harm to the very people they intend to protect. For instance, he claims that Third World sweatshops, while deplorable by Western standards, are often the best option that some people have, and that they are a necessary step in the process toward industrialization. He claims that any attempt to boycott or otherwise oppose these conditions would simply force these places to shut down, condemning the workers to even worse prospects. My only criticism of this argument, and maybe I'm naïve, is that this seems a bit too "all or nothing." It seems hard for me to believe that any effort to enforce better working conditions would automatically put these places out of business. Isn't there a middle road here?One thing I did notice was that Wheelan states early on that capitalism is not a zero-sum game, meaning that my wealth does not depend on someone else's poverty. Then, later in the book he says that there is a finite amount of capital in the world and the more in the hands of government, the less for the rest of us. Either I'm missing something or this is a contradiction. Other than that, I enjoyed the book greatly and actually feel more knowledgeable on the subject than before I started. Economics has always frustrated me but the author explained it in a way that even a meathead like myself could understand. Wheelan also accomplished something I heretofore thought impossible; he actually made economics interesting! 4.5 stars.

### ⭐⭐⭐⭐⭐ 







  
  
    an exciting and mostly objective introduction to economics
  

*by P***N on Reviewed in the United States on November 19, 2008*

First of all this is an exciting book. Yes exciting. Naked Economics presents some of the key aspects of economics by using real world situations which are frequently presented in the form of the controversies that arise over these concepts. Is government intervention in the economy a good thing? Naked Economics answers this question in two chapters; the first chapter shows how government can help the economy and the second chapter shows how government can hinder the economy. The author's conclusion, that a corruption free government is an essential component of a functioning economy but that there are a myriad of ways for the government to do harm, somewhat epitomizes the author's approach to explaining economics, rather than take the side of one type of economic theory he presents several of them, pointing out the merits of each one as he goes along. I said "somewhat" above because the author is clearly pro globalization and, I thought, did not do enough to present countering views of anti-globalization adherents. For example he makes no mention of the Fair Trade movement. I still think this is a very good book as it leaves you with the ability to follow, at a high level, layperson articles on the state of the economy. This book covers the importance of among others, incentives, human capital, information, financial markets and monetary policy. All in all I thought it was a very good read.

### ⭐⭐⭐⭐⭐ 







  
  
    Well Worth Reading - Maybe Twice!
  

*by C***R on Reviewed in the United States on July 17, 2008*

This has to be among the best "popular" economics books out there, if not THE best.  The book has pretty much everything one could hope for:- Broad coverage of economics- Clear explanations of concepts- Abundance of practical examples to illustrate the concepts- A writing style bordering on perfection (economics made entertaining!)- Reasonably balanced treatment of controversial topicsOne of the central points illustrated by the book is that we're prone to making bad economic decisions when we oversimply matters and neglect secondary, cumulative, and long-term consequences.  The examples in the book illustrate this point, though one could argue that many of the examples are themselves oversimplified to the extent that one might draw wrong conclusions.  However, I think that criticism would be unfair, since it should be self-evident that the examples are illustrative, rather than attempts to be comprehensive analyses of the issues involved.Like most nonfiction books, I would have loved to have a bullet-point summary of key points at the end of each chapter, but the book still fully deserves 5 stars and my highest recommendation.

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*Product available on Desertcart Slovakia*
*Store origin: SK*
*Last updated: 2026-03-11*