Introduction Charles Wheelan an American correspondent of London’s Economist and a lecturer at Northwest University provides us with unbiased, transparent, and relevant information about free-market philosophy in his book “Naked Economics: Undressing the Dismal Science”. For a better understanding of his economical theories, we first define the phrases used throughout his book; “undress” and “dismal. Undressing in his economical perspective means removing all diagrams, jargon, and equations and making real-life science, a move which notoriously challenged the economist. Dismal on the other hand means that science has always been boring, dull, and vague that has led to misunderstanding as demonstrated in Thomas Carlyle’s economics. This book provides us with delightful information on economic life which Burton Malkiel truly finds interesting and unique. Wheelan in his book defends free-market philosophy. He argues that when markets are left to operate freely, all kinds of evil deeds dominate the markets and a book of this kind would work as a catalyst. In his examples, Wheelan gives clear and solid exquisite examples of the benefits of the market economy. His market re-evaluation finds faults and he strives to advance towards an alternative approach. He finds the free market significantly less effective and when he tries to explain externalities that the market produces, he simply states that “there is no market solution in this case; the market is the problem” (Wheelan 44). He italicized this particular sentence to challenge the measure that the market is not a perfect economic system and it has been polluted by externalities and created social costs that private actors don’t bear and makes significant inroads into solutions externalities (the government) would find useful. Mises in his pseudo-economic literature believes that externalities such as the government are what separate the economics of the market from being a social place. However every human action creates market externalities in any economic or political system, we believe that the government in its powers should provide transparency and integrity in the free market which will result to sound economic growth. Wheelman discussions are centered on this theory and very good economists should understand that. Toward the end of the book, Wheelan (204) brings the benefits of international trade to light. He argues that every economic activity generates waste and the international market is no exception and if an economy produces more, it pollutes more. Description of a better America Wheelan believes that it’s the people who produce externalities but not the market and expose certain weaknesses of the government, which in part with other externalities, contribute to unstable markets. In his nuanced and well-reasoned discussion he questioned the government on how it would solve this problem; will it force us to produce less or rather force us to pay higher prices for what it terms us social costs?. Mises explains that if externalities are a datum which we should worry about, then there should be torts that could establish responsibility for damages suffered by third parties. In this perspective