| |  | Books : Basic Economics 3rd Ed: A Common Sense Guide to the Economy |  | | | | | | | | | |
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Binding: Hardcover
Dewey Decimal Number: 330
EAN: 9780465002603
ISBN: 0465002609
Label: Basic Books
Manufacturer: Basic Books
Number Of Items: 1
Number Of Pages: 640
Publication Date: April 02, 2007
Publisher: Basic Books
Sales Rank: 2218
Studio: Basic Books
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Editorial Review:
Product Description:
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 anykind 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 economyfunctions.
Customer Reviews Average Rating: 
Rating:  - A Very good counterbalance to highly "liberal" texts
"Basic Economics" by Thomas Sowell is a very good book for the average, curious, citizen, who wants to understand the American economy.It is not written in textbook style, but it is highly readable.
The material is a very good counterbalance to highly "liberal" texts that seem to like governmental interventions and some degree of socialism.
I strongly recommend this book for a better understanding of economics.
Rating:  - You Cannot Succeed in Life Without Understanding Economics, and This Book Shows You All You Need to Know About the Subject
"Economics is the study of the use of scare resources which have alternative uses" (1).
Understanding economics is understanding trade-offs, incentives, and how the world works. This refreshing interesting book does away with all the dry equations, graphs, and jargon of traditional textbooks to show the heart of the matter.
This book fulfills the economic requirement of the 7-Hour School Week's 12 hard skills to master. You don't need to take a dry economic class to benefit ... Read More
Rating:  - Good Read, But Very Biased
The book's main message is clear and instructive: Prices determined by supply and demand are the most efficient allocators of resources. When governments interfere with this (e.g. rent control, minimum wage, trade barriers) total resources of the society are wasted and the results can be exactly opposite of what was intended. The book gives many interesting examples and clarifies many of the misconceptions. However, the book has its shortcomings. Almost every problem is blamed on the government and it ... Read More
Rating: - A must-read
This book is a must-read for anyone desiring to understand economics. I think it's an essential read if you want to know what's really going on in our economy. This book is an easy read too. It's written for everyone no matter what your intellectual capacity is. Don't let the mainstream media tell you what's going on in our economy, understand it for yourself. I knew practically nothing about economics before reading this book. Thomas Sowell is a master at making the seemingly complex easy to understand. ... Read More
Rating: - The book everyone should read
Thomas Sowell has demonstrated once again that economics does not have to include lengthy, convoluted concepts, charts or jargon. 'Basic Economics' should be in every high school and college library. Economic teachers/professors would be wise to include this gem for classroom instruction as there are excellent concepts and historical content presented logically with great care and clarity.
I applaud this work as it avoids the usual sterile presentation of economics. The book is indeed engaging ... Read More
Basic Economics 3rd Ed: A Common Sense Guide to the Economy | | | |
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