Naked Economics

 Naked Economics Essay

: The Power of Markets

Meandering introduction to markets, electricity, market price, and so forth Lots of balding statements and glib reports with no data or sources.

2: Motivation Matter

More stories, this time around about offers. Why that they matter and why it is difficult to fix markets that have poor outcomes because of bad motivation structures. This individual repeats Steven Levitt's tale about real estate brokers. On g. 33 (bottom) " Economics teaches us how to get bonus right. " but the complete chapter is usually stories about how exactly attempts to alter incentives possess failed.

three or more: Government as well as the Economy

Discourse on externalities and just how governments can compensate for all of them. Also the role of government in ensuring fair market segments, enforcing real estate rights, improving contracts, control, etc . Governments provide " public goods".

4: Govt and the Economy II

The bad side of presidency. Some good details but mainly stories that don't prove anything. Plenty of glib platitudes, like the USPS is much more inefficient than UPS or perhaps FedEx. A lot of interesting points about control and taxation.

5: Economics of Information

Some good points about adverse selection and issues with incentives. Discussion of the financial problems with healthcare. Good talks of brands and profiling.

6: Output and Human Capital

Great discussions from the importance of education and for what reason talented folks are paid more. Discussion of productivity, some puzzled parts. Exploration of income/wealth inequality.

7: Economical Markets

Good but shallow discussion of economical markets.

eight: The Power of Prepared Interests

Tales about financial aid gone incorrect. Okay but , again, low.

9: Keeping Score

Great joke upon p. 149. Business routine, growth, GDP. A bit about Keynes. Financial and economic policy.

12: The Federal Reserve

Affordable discussion of the Fed, inflation, and decrease.

11: Trade and Globalization

Reasonable although shallow exploration of trade, globalization, etc . This individual...


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