naked economics UNDRESSING THE DISMAL SCIENCE FULLY REVISED AND UPDATED "Wheelan has an anti-Midas touch. If he touched gold he would turn it to life." IL -from the Foreword by Burton G. Malkiel charles wheelan\fAccording to the introduction. The way that basic economics is currently taught discourages many students from sticking with the subject. The author suggests that this a shame "on two levels." What is it that turns students off, and why is it a shame (two levels)? Based on the book and the supplementary materials, what do economists mean when they say that people are motivated by rational self-interest? Why do er behavioral economists object to this approach and what do they propose to replace it with? The textbook discusses two important assumptions (one about individuals as consumers and the other about firms as producers). Explain the two and discuss the role that they play in helping a market system doing such a good job of making people better-off as compared to command economies. What does it mean to say that markets (and the economic analysis used to study them) are amoral? (To an economist, does it matter what people decide makes them happy?) Does that mean that morality is irrelevant