May 12, 2006

News & Opinion: Economics Literacy

By: Dylan Schleicher @ 6:08 PM – Filed under: Current Events & Public Affairs

Don Moyer of thoughtformdesign writes a piece for the last page of Harvard Business Review every month. He uses graphic design to illustrate a simple business lesson. I think it is pretty cool.

In the April issue, Moyer's article is titled "Basic Training". It is a short piece about how we as businesspeople could all you a refresher course in economics. Moyer says:

In their excellent book Common Sense Economics by James Gwartney, Richard Stroup, and Dwight Lee asserts that "a nation of economic illiterates is unlikely to remain prosperous for very long." Such books are worth reading not because they introduce new thinking, but because they reinforce the foundation on which we build our own new thinking. The label "Economics 101" is generally viewed as disparaging. But who among us wouldn't benefit from a refresher course?

I would also recommend Naked Economics and The Undercover Economist. These both use great narrative to illustrate theories of the dismal science.

About Dylan Schleicher

Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.