Paper analyzing the text Naked Economics
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One of the admirable qualities of this book is Wheelans ability to distill complex issues to their base essences. He freely admits when situations or decisions are complex, but he also is able to clarify that complexity can be removed in order to provide insight and understanding. He is success at applying these concepts to a large number of different scenarios. He also recognizes that economic trade-offs are not simply a decision made by the primary actor. This is a key point that sometimes economic decisions made by one person have an impact on another person
Another strong suit is the explanation of the role of government. Wheelans view that government is an externality rather than a central part of the economy is highly useful because many people see government as part of the economy. He outlines at the beginning of the book that the government is a central part of the economy in Cuba, but that is specifically because in a command economy there is no role for the free market. This leads to a later discussion of the role of government with respect to the economy as a source of guidance and influence but ultimately
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