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Hardcover
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9780465060733
Overview
Overview
The bestselling citizen's guide to economics Basic 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.
- Format: Hardcover
- Author: Sowell, Thomas
- ISBN: 9780465060733
- Condition: Used
- Dimensions: 9.40 x 2.30
- Number Of Pages: 704
- Publication Year: 2014
Customer Reviews
Rating Snapshot
5 ★
75%
4 ★
25%
3 ★
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2 ★
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1 ★
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4 Ratings
0
0% Would Recommend
0 Recommendations
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Emphasis on Personal Responsibility.
HPB S. - 5 years 8 months agoWow. Just wow. If they taught this in high school instead of the Marxist dribble of the public school system, maybe people in our country would amount to something.
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The best econ intro.
Ethan B. - 6 years 2 months agoThe best introduction to economics, it makes economics simple without the confusing graphs. Every economic principle also comes with a real world example.
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Required Reading
Kevin M. - 6 years 2 months agoThis is the type of book that is so full of insights, and is so accessible to the average reader, it amazes me that it isn’t more well known. Sowell has a way of explaining complex issues so clearly that after reading a particular section, you feel confident that YOU could explain it to a layperson too. And he does this for such a wide spectrum of economic issues that I really don’t think this review can do the book justice. He explains how basic economic principles like supply and demand play out in the real world, and how damaging policy makers can be if they are ignorant of, or ignore these principles. I honestly think it should be required reading for every high school student.
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Economics books without the graphs
Aaron O. - 6 years 3 months agoItem was shipped in very good condition and on time. I've always had an interest in economics (and was one of my majors in college actually). Minus one star for the general conservative bias of the book however (still worth reading to see how the other side sees things).