Basic Economics: A Common Sense Guide to the Economy

Front Cover
Basic Books, 2007 - Business & Economics - 627 pages
44 Reviews
Basic Economics is a citizenís guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy-capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

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Review: Basic Economics: A Citizen's Guide to the Economy

User Review  - Douglas - Goodreads

If everyone read this book, the Democratic Party would be out of business, and for good reason. There are certain economic laws; there is economic history; there are economic limits., Liberals ignore this and proceed on good supposedly good intentions. Reality be damned. Read full review

Review: Basic Economics: A Citizen's Guide to the Economy

User Review  - Drtaxsacto - Goodreads

Sowell makes a strong case for free market economics in a number of areas. But I found two problems with the book - first, his discussion of scarcity (which most economists begin the discussion of ... Read full review

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About the author (2007)

Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.

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