Synopsis
This citizen's guide to economics is aimed at those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. In accessible language, Sowell reveals the general principles behind any kind of economy - capitalist, socialist, or feudal.With explanations of rent control and the rise and fall of businesse s to the international balance of payments, the author aims to help the reader critique economic policies in terms of the incentives they create, rather than the goals they proclaim.
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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.
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