Items related to Basic Economics: A Common Sense Guide to the Economy
Synopsis
An accessible, jargon-free resource outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates.
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Review
“Clear and concise...among economists of the past thirty years, Sowell stands very proud indeed.”—Wall Street Journal “Basic Economics is not only valuable for a general lay-person audience; it would also benefit lawyers, politicians, and yes, economists, as well.”—Washington Times “Basic Economics is a healthy main course disguised as a rich dessert. The expanded Fourth Edition now weighs in at well over 600 pages. Readers will celebrate the girth. Tom Sowell’s smooth writing, irresistible logic, deep knowledge and flawless economics make each page an explanatory treat to experts and novices alike.” —Thomas Hazlett, Professor of Law & Economics and Director, Information Economy Project, George Mason University “Badly needed.... Anyone who has been subjected to biased and dreary economics textbooks should read Basic Economics as a bracing corrective.”—Claremont Review of Books “Basic Economics demonstrates 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 “Alchian said the true test of whether one understands his subject is whether he can explain it to someone who doesn’t know a darn thing about it. Mr. Sowell wasn’t Alchian’s student, but Basic Economics demonstrates his ability to make economics understandable to a person who hasn’t set foot in an economics class. It’s a book rich with explanations and examples of everyday economics issues.”—Walter Williams, George Mason University “The unyielding truths of economics befuddle social engineers of all stripes. Sowell, in exemplary fashion, strips the mystery from those truths, making them intuitive—even obvious.” —David Boaz, Executive Vice President, Cato Institute and author of Libertarianism: A Primer
About the Author
THOMAS SOWELL is currently a scholar-in-residence at the Hoover Institution, Stanford University. He has been published in both academic journals and such popular media as the Wall Street Journal, Forbes, and Fortune, and he writes a syndicated column for newspapers across the country.
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