10 Lessons from the book Naked Economics By Charles Wheelan

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It’s easy to lie with statistics, but it’s hard to tell the truth without them.

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A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives.

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At a time when we can split the atom, land on the moon, and decode the human genome, why do 2 billion people live on less than $2 a day?

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Economics is like gravity: Ignore it and you will be in for some rude surprises.

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The real cost of something is what you must give up in order to get it, which is almost always more than just cash.

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Why did the chicken cross the road? Because it maximized his utility.

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Descriptive statistics exist to simplify, which always implies some loss of nuance or detail.

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Credits: Unsplash