This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter of 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 any kind 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 ...
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This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter of 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 any kind 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 economy functions.
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Seller's Description:
Hardcover. NOT Ex-library. Dust jacket lightly soiled and has tear at top center of spine. Good condition. Slight edgewear and bumping. Clean pages and tight binding. Proceeds benefit the Pima County Public Library system, which serves Tucson and southern Arizona. Until further notice, USPS Priority Mail only reliable option for Hawaii.
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Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, and may not include cd-rom or access codes. Customer service is our top priority!
Professor Sowell has written an exceptionally clear exposition on economics, in this book. It is not filled with graphs and calculus. Instead it focuses on historical examples to explain the precepts of economic theory. Very effective.
Robert G
Apr 5, 2012
Basic Economics
Wish I had read this book before taking college economics. Very readable. Excellent explanation of economic principles. You will look at all the current political comments on the economy in a different light after you read this book.
