May 12, 2006

News & Opinion: Economics Literacy

By: 800-CEO-READ @ 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.