Basic Economics by Thomas Sowell

Basic Economics by Thomas Sowell

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Summary

Reveals the general principles behind any kind of economy such as capitalist, socialist, feudal and others. This book shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. It provides explanations ranging from rent control to the international balance of payments.

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Basic Economics by Thomas Sowell

Thomas Sowell has a different idea about how economics should be taught. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Learning economics, he believes, should be relaxing--and even enjoyable. Sowell reveals the general principles behind any kind of economy--capitalist, socialist, feudal, and so on. In understandable 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. In this edition, Basic Economics has been revised and expanded to address the new concerns of the twenty-first century. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. Each chapter reflects the experiences of many different peoples and cultures. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.
"Clear and concise.. Among economists of the past 30 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"
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.
SKU Unavailable
ISBN 13 9780465002603
ISBN 10 0465002609
Title Basic Economics
Author Thomas Sowell
Condition Unavailable
Binding Type Hardback
Publisher Basic Books
Year published 2007-04-03
Number of pages 640
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable