Basic Economics: A Citizen's Guide to the Economy - Hardcover

Sowell, Thomas

Hardcover

ISBN 10: 046508138X ISBN 13: 9780465081387

Publisher: Basic Books, 2000

Synopsis

From one of America's best-known economists, the one book anyone who wants to understand the economy needs to read.. At last there is a citizen's guide to the economy, written by an economist who uses plain English. No jargon, no graphs, no equations. Yet this is a comprehensive survey, covering everything from rent control and the rise and fall of businesses to the international balance of payments.The purpose of Basic Economics is to enable people without any economic training to understand the way the economy functions-not only the American economy, but other economies around the world.Some of the clearest demonstrations of the role of prices, for example, come from economies in which prices are not allowed to function-with consequences which show just what those functions are and what happens when they are lacking.In the end, this is not a book from which to cram facts, but one from which to gain an understanding of the economy that will enable you to form your own conclusions on the basis of tested principles, rather than on the basis of emotion or rhetoric. That is the goal of the journey, but you should also enjoy the trip along the way.

About this title

Review

"Sowell has managed to make economics humane again, relevant and interesting to young people and ordinary citizens!"

About the Author

Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.

Edition details

• Publisher: Basic Books
• Publication date: 2000
• Language: English
• ISBN 10: 046508138X
• ISBN 13: 9780465081387
• Binding: Hardcover
• Number of pages: 384