A key tenet in Understandable Economics is inequality. The author explores the challenges and dangers surrounding a society where incomes are out of equilibrium. Yaruss does a good job of balancing the discussion between the need for financial incentives and disproportionate incomes.

I found his explanation of minimum wages particularly comprehensible. The juxtaposition between the need for a living wage and the expense of labor on business-keying on small businesses-was well explained. Much better than most text books.

This theme continues throughout the book. Since, the final chapters focus on redistribution of income, the reader can expect a thorough discussion of taxes. Yaruss explains the different types of taxes and how they impact societal incomes.

Howard Yaruss expresses his belief that a society needs to possess an understanding of economics to continue growth and prosperity. Thus, his approach to explaining basic economics without a semester long course is welcomed. However, success depends on a culture motivated by self-learning versus “selfies.”

I encourage the gift giving of this book as the holidays are just around the corner. Understandable Economics is well written. It deserves to be well read.