Basic Economics
Books | Business & Economics / Economics / Theory
4.2
(213)
Thomas Sowell
The bestselling citizen's guide to economicsBasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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 fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
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More Details:
Author
Thomas Sowell
Pages
704
Publisher
Basic Books
Published Date
2014-12-02
ISBN
0465056849 9780465056842
Ratings
Google: 5
Community ReviewsSee all
"I found this book while attempting to address my Economics illiteracy. It was a really good read about an important field which I now find fascinating. "
J B
Jim Borowiec
"An absolute masterpiece. Very few books in your life will completely and utterly change the way you view the entire world and systems we have in place. This is one of these books. This book made me realize all the ways I was wrong in understanding how the world and the economy operates, and the ways we can make it better. The concepts are pretty basic and we all probably know the basic concepts more or less. However, we never sit down and think about these concepts and how it constructs the bigger picture and the over-arching repercussions of these concepts. That's what this book does. When you think through these basic concepts thoroughly you would realize how the social policies should be constructed, and all the ways our societies is doing these things incorrectly even today."
Ranjan Lamichhane
"I am on a fiction kick, but I really loved the conquest trilogy by the same author. If you like economics I also suggest Henry Hazlitts econ in one lesson"
Josh Ferguson
"Very informative, quite obvious at times yet it's still amazing how many people, especially those in charge, don't have the slightest clue about the most basic economic principles. Read this and you will have a better understanding of economics than 95 percent of the rest of the population. "
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