We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Report of the book: Naked Economics - Essay Example

Comments (0)
Summary
The book naked economics by Charles wheelan is regarded as the best and simplest book about the basic concepts of economics that even the lay man can easily understand. The author uses vivid examples and easy to understand language that even those who are not familiar with…
Download full paper
GRAB THE BEST PAPER
Report of the book: Naked Economics
Read TextPreview

Extract of sample
Report of the book: Naked Economics

Download file to see previous pages... The author further breaks down how the market gears itself and aligns incentives in ways the individuals work for their own self-interest for improved standards of living. Moreover, imposing preference on others is termed as unfair by wheelan and he gives an example of how the soviet socialist economy failed due to the bureaucracy of the government controlled economy.
In addition, wheelan suggests that the best way to formulate policies is by thinking in terms of incentives and disincentives. The most important role of the government in this is regulating these incentives so that they can serve their purpose. The importance of incentives is given an emphasis by illustrating that when a material thing earns profits, that material is valuable but when it ceases to serve its purpose then that material is dispensable.
Policy issues are centered on externalities as the government plays an important role in the market economy by dealing with them. Wheelan uses several examples to illustrate this. He also raises questions on several externalities both positive and negative. For example, he states that some smokers generate extra healthcare cost that is catered for by the government and that his taxes go into paying for the smokers medical bills. In short, the author tries to convey that taxing behavior that generates negative externalities create a lot of good incentives.
The government should not be the sole provider of good services unless the private sector fails to do so. Although the government has an important role to play in the economy, it should not be the actual one to do the work. This is because the government will be freer to handle the responsibilities that are meant to be handled by the government. In addition, Wheelan points out that some activities should not be carried out by the government since it will not succeed. He gives an example of the post mail service. This shows that the technology today has radically changed and ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Book Report
However, one key requirement for these types of businesses is that they are all geared towards business success defined by how these businesses fulfill their predetermined objectives. The three books chosen for the report are linked with respect to how they outline various important aspects in business management.
6 Pages(1500 words)Essay
Book report
In her book, The Places That Scare You, Pema Chodron analyzes human emotions and thoughts. This spiritual writing is rich with wisdom on how to handle and address fears, pain and other emotions that result in suffering (Cho?dro?n, 35). To attain happiness in life, the author notes that the most crucial aspect is to admit the emotion by accepting the situation instead of suppressing it.
3 Pages(750 words)Essay
Book report
These issues are well entrenched in O’Brien’s book, if I die in a combat Zone, Box me up and ship me Home. This book explains the grueling tour and role of the American soldiers in the Vietnam War in that in the entire book, the author is seen struggling with his ethical and moral beliefs while engaging in a war or conflict he believes is not justified and unethical (O’Brien 26).
4 Pages(1000 words)Essay
Book report
The book offers a crash course in what brings about the community and human costs, mass incarceration, and a way of stopping the increasing numbers from going higher. Ahrens and Gilmore thoroughly researched and documented their book with statistical information on the real cost of prisons to the society.
3 Pages(750 words)Essay
Naked Maoists before a Naked Wall
In the 1960s, a lot of tension, resistance, and protesting by peaceful ways, were everywhere in the world. Handing daisies to soldiers was a way of presenting them with something which reframed the way they viewed the world - by hopefully showing beauty in the world instead of hate, anger, and killing.
3 Pages(750 words)Essay
Naked Economics
He is successful in this by including a lot of vast subjects in it. This work covers the role of government, financial market, international trade, free markets and labour. Wheelen as he claimed it is walking through some of the most powerful concepts in economics while simplifying the block or simplifying them entirely.
3 Pages(750 words)Essay
Book Report
She soon gave birth to a baby girl whom she named Laine. She was the defense Attorney in cases of felony, robberies and murders. Her clients were all high profile cases like Erik Menendez who was convicted of murdering his parents with the connivance of his brother Lyle in
3 Pages(750 words)Essay
Book Report
Evra explores latest researches in communication and psychological domains and merge them in order to provide a practical solution for parents and educators. It also provides a theoretical and technological base for research purpose which is
4 Pages(1000 words)Essay
Book report
His mother was a socialite or in other words a philanthropist. His father and mother were Joseph Patrick Kennedy and Rose Elizabeth Fitzgerald respectively. JFK, attended Riverdale country school, which was a private school for
3 Pages(750 words)Essay
Book Report
Among the most significant life lessons that I have learnt from the book is that it requires patience and creativity to make it in life. This implies that a person should commit his resources in order to attain his visions. For instance, Poe
3 Pages(750 words)Essay
Let us find you another Essay on topic Report of the book: Naked Economics for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us