Rating: 4 Stars
Economics has always been fascinating to me. I regret never taking an economics class in college. This book broke down a lot of economics principles into an accessible format that left me wanting to learn more. I wouldn’t call it Economics for Dummies. It’s somewhere in between Economics for Dummies and a college textbook for Economics 101. Wheelan doesn’t talk down to you; you’ll have to use your brain a bit. But the writing style is such that you will genuinely enjoy reading the material. He covers, among others, global trade, the Fed, inflation, and the government’s role in a free market. Make sure you get your hands on the latest edition, as he covers the economist’s take on current events like health care reform and the Great Recession. Whereas Freakonomics used economics principles to turn a lot of conventional thinking on its head, this book explains why those principles work the way they do and helps you use them to analyze any policy like an economist.
If you have the slightest hint of interest in this subject, this book is probably a great place to start.