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Naked Economics: Undressing the Dismal Science Chapter Summary & Analysis - For Chapters 8-10 Summary

Charles Wheelan
This Study Guide consists of approximately 29 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Naked Economics.
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For Chapters 8-10 Summary and Analysis

In Chapter 8, the author discusses the problem with public policy. Political maneuvering brings about protests, and power is abused with pork-barrel legislation. Politicians rise in rank by offering small groups benefits without looking to the good of the entire country. Subsidies seem like small problems, but put together, they make a huge impact on the overall economy.

The small groups that benefit from subsidies also have the power to block other legislation that might benefit the economy. The fact is that each small group is out for its own collective interest. While economists agree that global trade is essential for a thriving economy, small groups protest and interfere until strict regulations are put in place, diminishing the effectiveness of the trade. This prevents public policy from working.

In Chapter 9, the author discusses how fifteen years ago Japan was on top of...

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This section contains 1,634 words
(approx. 6 pages at 300 words per page)
Purchase our Naked Economics: Undressing the Dismal Science Study Guide
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Naked Economics: Undressing the Dismal Science from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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