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Naked Economics Undressing the Dismal Science ( PDFDrive )

naked economics
Undressing the Dismal Science
fully revised and updated


CHARLES WHEELAN
Foreword by Burton G. Malkiel
W. W. Norton & Company
New York • London


Copyright © 2010, 2002 by Charles Wheelan
Foreword copyright © 2002 by Burton G. Malkiel


All rights reserved
“Mum’s the Word” reprinted with permission. Further reproduction prohibited.
© 1998 The Economist Newspaper Group, Inc. www.economist.com.
“Two Cheers for Sweatshops,” Hearts and Heads,” and “I Love D.C.” reprinted
with permission of the New York Times.
For information about permission to reproduce selections from this book, write
to Permissions, W. W. Norton & Company, Inc., 500 Fifth Avenue, New York,
NY 10110
Library of Congress has catalogued an earlier edition as follows:
Wheelan, Charles J.
Naked economics: undressing the dismal science/Charles Wheelan; foreword by
Burton G. Malkiel.—Fully rev. and updated.
p. cm.
Includes bibliographical references.
ISBN: 978-0-393-07975-3
1. Economics. I. Title.
HB171.W54 2010
330—dc22
2009052148
W. W. Norton & Company, Inc.
500 Fifth Avenue, New York, N.Y. 10110
www.wwnorton.com
W. W. Norton & Company Ltd.
Castle House, 75/76 Wells Street, London W1T 3QT


For Leah


Contents
Foreword
by Burton G. Malkiel
Introduction
Acknowledgments
1
The Power of Markets: Who feeds Paris?
2
Incentives Matter: Why you might be able to save your face by cutting
off your nose (if you are a black rhinoceros)
3
Government and the Economy: Government is your friend (and a
round of applause for all those lawyers)
4
Government and the Economy II: The army was lucky to get that
screwdriver for $500
5
Economics of Information: McDonald’s didn’t create a better
hamburger
6
Productivity and Human Capital: Why is Bill Gates so much richer
than you are?
7
Financial Markets: What economics can tell us about getting rich


quick (and losing weight, too!)
8
The Power of Organized Interests: What economics can tell us about
politics
9
Keeping Score: Is my economy bigger than your economy?
10
The Federal Reserve: Why that dollar in your pocket is more than just
a piece of paper
11
International Economics: How did a nice country like Iceland go
bust?
12
Trade and Globalization: The good news about Asian sweatshops
13
Development Economics: The wealth and poverty of nations
Epilogue
Life in 2050: Seven Questions
Notes



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