Insightful interpretations of neo-classical theory, but exposition of theories themselves are inaccurate. Analysis in Chapter 3 is erred; so is the exposition on marginal value curve. No choice but to give up, pity.
The author uses simple economic theories to analyze refute the common misconceptions. It is quite interesting to know how economics fits and explains our daily life. Somehow we, including the media, see the symptom (like trade deficit) as the disease (live on borrowed money).
When compared to similar books by Robert Frank, this book is more academic and complicated. That said, reading more books like this one help us to think clearly, especially to the misconceptions/understatements made by politicians or under pressure groups with hidden agenda!...Continua