Basic Economics

Basic Economics

A Common Sense Guide to the Economy

Book - 2015
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A presentation of economics in plain language.
A presentation of economics in plain, straightforward language, without the jargon, graphs, or equations that dominate most other economic writings. This book is aimed at people with no previous study of the subject, namely the general public and beginning students in economics. Basic Economics illustrates economic principles with vivid examples from countries around the world, to make those principles memorable in a way that technical jargon or mathematical presentations may not. The fifth edition includes a new chapter on the reasons for large differences of income and wealth between nations. It also examines some popular explanations of these differences that will not stand up under scrutiny. This chapter, and the chapter on the history of economics itself, give the beginning student a larger context for understanding the role of economics.--From publisher description.
Publisher: New York :, Basic Books,, [2015]
Edition: Fifth edition.
Copyright Date: ©2015
ISBN: 9780465060733
0465060730
Branch Call Number: 330 Sowell 03/2015
Characteristics: ix, 689 pages ;,24 cm

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rjk5656
Oct 10, 2017

I am not a reader and plowed through this in less than a week. While the book is 600+ pages, Sowell moves rather quickly from point to point and example to example. If you are interested in common sense economics you will find this very interesting. If you have already studied economics this will challenge what you believe. Sowell makes a compelling case that free markets, capitalism and individual freedom have created more wealth, more opportunity and more mobility (from poor to wealthy and visa versa) than any other system in history.

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ryanwillock
Apr 08, 2017

What are the intentions of, and incentives created by: minimum wages, rent controls, and generous EI benefits? If I told you the answers might surprise you, would you want to know more?

Analyzing such questions and discussing just exactly how the heck this whole 'economy' thing is even working at all, this book is either an excellent, meticulously constructed one-stop introduction into thinking rationally about macro-economics, or a (rather large) piece of neoliberal propaganda.

I leave it up to the reader to make this decision as an exercise.

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ryanwillock
Apr 08, 2017

ryanwillock thinks this title is suitable for 11 years and over

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