10 Lessons from the book Naked Economics By Charles Wheelan

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

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

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?

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

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

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

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

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