Basic Economics: A Citizen’s Guide to the Economy: Revised and Expanded Edition

By Thomas Sowell
Read by Brian Emerson

18.53 Hours 06/01/2006 unabridged
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Thomas Sowell has a different idea about how economics should be taught. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Learning economics, he believes, should be relaxing—and even enjoyable. Sowell reveals the general principles behind any kind of economy—capitalist, socialist, feudal, and so on. In understandable 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. In this edition, Basic Economics has been revised and expanded to address the new concerns of the twenty-first century. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. Each chapter reflects the experiences of many different peoples and cultures. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.

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Summary

Summary

Thomas Sowell has a different idea about how economics should be taught. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Learning economics, he believes, should be relaxing—and even enjoyable.

Sowell reveals the general principles behind any kind of economy—capitalist, socialist, feudal, and so on. In understandable 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.

In this edition, Basic Economics has been revised and expanded to address the new concerns of the twenty-first century. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. Each chapter reflects the experiences of many different peoples and cultures. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.

Editorial Reviews

Editorial Reviews

“Basic Economics demonstrates in every chapter why Thomas Sowell is one of America’s greatest thinkers. It is must-reading for anyone who wants the truth about how the laws of economics govern so many of the events in our daily lives.” Arthur C. Brooks, author of The Battle: How the Fight Between Free Enterprise and Big Government Will Shape America’s Future
“Clear and concise…Among economists of the past thirty years, [Sowell] stands very proud indeed.” Wall Street Journal
“Basic Economics is not only valuable for a general lay-person audience, it would also benefit lawyers, politicians, and, yes, economists, as well.” Washington Times
“Badly needed…. Anyone who has been subjected to biased and dreary economics textbooks should read Basic Economics as a bracing corrective.” Claremont Review of Books

Reviews

Reviews

Author

Author Bio: Thomas Sowell

Thomas Sowell is a senior fellow at the Hoover Institute and the author of A Personal Odyssey, The Vision of the Anointed, Ethnic America, and several other books. His essays have appeared in the New York Times, the Wall Street Journal, Time, Newsweek, Forbes, and Fortune and are syndicated in 150 newspapers. He lives in Stanford, California.

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Details

Details

Available Formats : Digital Download, Digital Rental, CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 18.53
Audience: Adult
Language: English