Principles of Economics Translated – Yoram Bauman, Ph.D.

Yoram Bauman, a standup economist, deconstructs Greg Mankiw’s 10 Principles of Economics. In short order Yoram explains away tradeoffs, incentives, margins and markets. They become more common concepts of choices, people, governments, and stupidity (and limits of stupidity).

Greg Mankiw clearly doesn’t take this too personally, he blogged about Yoram twice, and by his own estimation, may have sold a few more books for him.

Editor’s Note: Much of this post was borrowed liberally from Brady’s post on the main Ignite web site.

About Yoram Bauman

Yoram has a Ph.D in Economics and has decided to use humor to convey his thinking. His first book The Cartoon Introduction to Economics: Volume One: Microeconomics comes out in January.

You can find Yoram Bauman on his blog, Stand-Up Economist, his blog at the Seattle PI or at his day job as the environmental economist for the University of Washington’s award-winning Program on the Environment.