Synopsis
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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About the Author
Thomas Sowell is the Rose and Milton Friedman Senior Fellow at the Hoover Institution of Stanford University. His two dozen books, as well as numerous articles and essays, cover a wide range of topics, from classic economic theory to judicial activism, from civil rights to choosing the right college. He lives in Stanford, California.
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Basic Economics: A Common Sense Guide to the Economy (3rd Ed.)
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Basic Books, New York, NY U.S.A., 2007
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Hardcover. Condition: Fine. Dust Jacket Condition: Fine. 3rd Edition. Basic Economics: A Common Sense Guide to the Economy (Third Edition) by Thomas Sowell (2007 Hardcover with Dust Jacket) "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 a great first book for everyone who wishes to understand how the economy functions. This is the completely revised and updated third edition (2007) of Thomas Sowell's readable work especially including new material expanding on government labor laws, and international financial topics; like national debt, gold standards, and "exploitation" theories. x + 627pp. Thomas Sowell is an American economist and social theorist. Since 1980, he has worked at the Hoover Institution at Stanford University. He writes from a libertarian conservative perspective. He is a National Humanities Medal recipient for innovative scholarship which incorporated history, economics and political science. Hardcover has black paper boards, separate spine with silver lettering on spine in a Fine (As New) Dust Jacket. Book privately owned without ownership markings. Interior is tight, clean, and unmarked. Copyright 2007. Printed in U.S.A. Stated third edition. Print-line says this copy is from 12th printing. ISBN: 0-465-00260-9. LCCN: 2006039835. MSR = US $39.95. Thanks for Looking! No Ownership Markings. Seller Inventory # 008479