Basic Economics: A Common Sense Guide to the Economy

Basic Economics: A Common Sense Guide to the Economy

Hardcover

31 Dec, 2014

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 wo...

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ISBN-10:

0465060730

ISBN-13:

9780465060733

Publisher

Basic Books

Dimensions

9.30 X 6.10 X 2.30 inches

Language

English

Description

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.

Product Details

ISBN-10

:0465060730

ISBN-13

:9780465060733

Publisher

:Basic Books

Publication date

: 31 Dec, 2014

Edition

:0005th Edition

Sub-Category

: Economics - Theory

Format

:Hardcover

Language

:English

Reading Level

: All

No. of Units

:1

Dimension

: 9.30 X 6.10 X 2.30 inches

Weight

:975 g

Editorial Reviews

"Basic Economics reveals 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, President, American Enterprise Institute and author of The Battle: How the Fight Between Free Enterprise and Big Government Will Shape America's Future

About the Author

Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. He is the author of dozens of books including Charter Schools and Their Enemies, winner of the 2021 Hayek Book Prize. He is the recipient of numerous other awards, including the National Humanities Medal, presented by the President of the United States in 2003.

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