ReviewsIf there is a single recent book that can advance economic literacy in this country, it is Thomas Sowell's...Basic Economics... Sowell has managed to make economics humane again, relevant and interesting to young people and ordinary citizens!, Basic Economics is not only valuable for a general lay-person audience; it would also benefit lawyers, politicians, and, yes, economists, as well.
Dewey Edition22
Synopsis"Basic Economics" is a citizen's guide to economics with clear explanations of the entire field--for those who want to understand how the economy works but have no interest in jargon or equations., This Completely Revised and Updated third edition of Thomas Sowell's instrumental work includes a new chapter on government finance. Basic Economics is a citizen's 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., Basic Economics is a citizen's 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., This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter on government finance
LC Classification NumberHB171.S713 2007