Charles Wheelan- Naked Economics

naked-economicsThere is nothing about being a librarian that makes it impossible to understand how the economy works.  However, anyone who has any understanding of how the economy works knows that it is good to have a lot of money, and so that person would most likely cross “librarian” off of their list of acceptable jobs.  Let’s just say that librarians do not typically belong to an income group that has to spend a lot of time figuring out how to sneak out of Nobu without the paparazzi seeing.

Librarians do, however, typically like to read books.  And this particular librarian was getting pretty sick of turning on the TV and hearing nothing but “credit crisis” this, and “stagflation” that, and “high viscosity applecart axle grease” the other and not understanding a word of it.  With a heavy heart I decided to spend a chunk of my limited reading time tackling economics, a subject that is often aptly referred to as “the dismal science.”

I needed something informative, but it had to be a book I could stay conscious while reading.  I searched everywhere, and finally settled on Naked Economics by Charles Wheelan.  I think I made the right choice.  It’s easy to understand, funny, almost completely devoid of  numbers, etc.

Anyway, consider this a public service more than it is a web log post.  I suspect I’m not the only one who wants to understand this stuff, and finding a general book on the subject that I could actually read and enjoy, yet still learn something, was difficult.

-Norm De Plume

Published in: on December 18, 2008 at 6:19 pm  Comments (5)  

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5 CommentsLeave a comment

  1. Everything I know about economics came from a “Money, Banking & Financial Markets” course in 1987 while I was a junior in college and later books by P.J. O’Rourke.

    We were a few weeks into the class when one Tuesday the Prof comes in and anounces, “I think I lost about $30,000 in yesterday’s crash.” The next few weeks featured lots of firsthand wisdom.

    PJ’s “Eat the Rich” proved quite a bit more interesting and informative. Especially for understanding the distinction between good socialism and bad socialism.

    He also published a wholly remarkable and highly successful book on the wealth of nations. In more relaxed economic circles, his version has already supplanted Adam Smith’s work as the standard repository of dollars and sense, for though it has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores over the older, more pedestrian work in two important respects.

    First, it is quite a bit shorter; and secondly it has numerous sophomoric anecdotes of heavy drinking and women of loose moral character. What could be better than that?

  2. I actually read most of O’Rourke’s Wealth of Nations book, but I found myself chuckling much more often than I found myself basking in the golden rays of economic enlightenment.

    Trusted sources have informed me that the book I should have gotten was The Undercover Economist.

  3. Both The Undercover Economist and Naked Economic are good books on economics and come highly praised from your humble bookbloggin’ Brian.

  4. For those of you unfamiliar with Brain’s work, I would like to point out that, although he is a fantastic bookblogger, he isn’t a librarian, so he clearly has a keener mind for finance than I do.

  5. You wouldn’t say that if you knew how much I spend on books.

    Thanks for the compliment, yo.

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