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Basic Economics 3rd Ed: A Common Sense Guide to the Economy / Edition 3
     

Basic Economics 3rd Ed: A Common Sense Guide to the Economy / Edition 3

4.8 25
by Thomas Sowell
 

ISBN-10: 0465002609

ISBN-13: 9780465002603

Pub. Date: 04/02/2007

Publisher: Basic Books

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

Overview

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.

Product Details

ISBN-13:
9780465002603
Publisher:
Basic Books
Publication date:
04/02/2007
Edition description:
3RD
Pages:
640
Product dimensions:
6.13(w) x 9.25(h) x 1.63(d)
Age Range:
13 - 18 Years

Table of Contents


Preface     vii
What is Economics?     1
Prices and Markets     9
The Role of Prices     11
Price Controls     38
An Overview     62
Industry and Commerce     87
The Rise and Fall of Businesses     89
The Role of Profits-and Losses     108
Big Business and Government     138
An Overview     162
Work and Pay     181
Productivity and Pay     183
Controlled Labor Markets     207
An Overview     237
Time and Risk     255
Investment and Speculation     257
Risks and Insurance     282
An Overview     307
The National Economy     323
National Output     325
Money and the Banking System     342
Government Functions     364
Government Finance     393
An Overview     419
The International Economy     431
International Trade     433
International Transfers of Wealth     457
An Overview     480
Special Economic Issues     493
Myths about Markets     495
"Non-Economic" Values     518
Parting Thoughts     544
Questions     553
Sources     569
Index     615

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Basic Economics 3rd Ed: A Common Sense Guide to the Economy 4.8 out of 5 based on 0 ratings. 25 reviews.
Guest More than 1 year ago
Our daily lives depend on having a basic, fundamental knowledge of economics and this book covers the fundamental knowledge and beyond to allow the individual to make rational decisions throughout one's lifetime. Whether you are making a choice in a grocery store or in a voting booth, this book will provide one with the clarity and brevity to make the right choices. If government was to make one last mandate of all time, it should be to have all students read this book in order to graduate High School.
Guest More than 1 year ago
As a financial consultant for 30 years and a student of economics, this is one if not the best book on economics I have ever read. The strength of the book is the Sowell takes complicated economic issues and illustrates them using very easy to see and easy to communicate examples. Effective public speaking involves getting your thoughts clearly communicated. This book enables anyone who must illustrate or communicate economics great stories and vivid examples of everything from the simplest economic issue to the most complicated. Loved reading it.
Anonymous More than 1 year ago
I wish all our senators, all of our elected representatives, and our president would read this book. Heck, I wish the voters would read this book. Then maybe they would understand why the democratic party's socialism will destroy our country.
Anonymous More than 1 year ago
Reading this book gives readers the knowledge to challenge many of the plausible arguments foisted upon them by politicians and the media. Economics, while a somewhat dry subject, asks tough questions that demand answers in our world of ever increasing dependence on what "experts" think, and try to pass off as fact. Dr. Sowell does an excellent job of using history to trump conventional wisdom that says more government is better. You owe it to yourself to read this book, you'll be glad you did.
RVOH More than 1 year ago
Thomas Sowell is an excellent writer and makes understanding the subject of Economics much easier with practical and historical examples demonstrating the positive and negative effects of decision-makers on the economy at all levels.
Anonymous More than 1 year ago
Thomas Sowell is a brilliant man and his books confirm this.
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This was the best book I have ever written on economics. Sowell takes big concepts and breaks them down for anyone to understand. Anyone who wants a stronger understanding of how the economy works should buy this book.
Gyulia More than 1 year ago
The author clearly shows the deepest aspects of economics that everybody is meeting in life. Sowell has brought plenty of very interesting facts in present economics which not everybody might know. He is opening the eyes to economics around you. Which we're meeting every day in our life, TVs, newspapers etc. The book has been written in a plan English, which gives access to this book just to everybody. Please read this book and enjoy the knowledge.
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