Naked Economics

Just finished reading this book, Naked Economics, and I think this is one of the very good books which I would recommend to my friends. If you like Confessions of an Economic Hit Man, I think you would also like this book.

On my msn, my nick is "a delightful book is as good as a dose of adrenaline". It has been quite a long time since I have read a book, so I'm glad I'm picking up books again. Perhaps it is because I'm influenced by my sis, who is currently taking her MBA. The sight of her studying in her room with her table lamp rekindles a part of me. Anyway, shall not go into talking about the virtues of knowledge (ps: increasing human capital is one of them).

Inside Naked Economics, there is an interesting concept in labor economics (whatever that is..) called the "backward-bending labor supply curve." "Thankfully, the idea is simpler and more interesting than the name would suggest. Economic theory predicts that as our wages go up, we will work longer hours - up to a point, and then we will begin to work less. Time becomes more important than money. Economists just aren't quite sure where that curve starts to bend backward, or how sharply it bends."

This reflects my current state of mind very well. Seriously, I do not know when my curve will start to bend backward, and how sharply it will bends.


Sometimes I like to keep blogging, for there are so many things in my mind that would otherwise not take shape. Blogging seems to me to be one way of telling myself that life is not only about work. But sigh... have to stop here, for my team is waiting for me to send my deck over to them.. (not literally waiting, since we will only review it tomorrow morning, but still, it is waiting to be done.)