The bestselling citizen’s guide to economics
“Basic Economics reveals 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, New York Times bestselling author of Build the Life You Want
Basic Economics is a citizen’s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable 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.
This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.
Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
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Explore the works of Thomas Sowell
In this instant New York Times bestseller, renowned economist Thomas Sowell demolishes the myths that underpin the social justice movement In The Vision of the Anointed, Thomas Sowell presents a devastating critique of the mind-set behind the failed social policies of the past thirty years. Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation, or genetics. A Conflict of Visions offers a convincing case that ethical and policy disputes circle around the disparity between both outlooks. Race and Culture shows that cultural capital has far more impact than politics, prejudice, or genetics on the social and economic fates of minorities, nations, and civilization.
ASIN : B00L4FSSTA
Publisher : Basic Books
Accessibility : Learn more
Publication date : December 2, 2014
Edition : First
Language : English
File size : 1.3 MB
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 706 pages
ISBN-13 : 978-0465056842
Page Flip : Enabled
Grade level : 11 and up
Best Sellers Rank: #46,305 in Kindle Store (See Top 100 in Kindle Store) #1 in Theory of Economics #3 in Political Economy #4 in Economic Conditions (Books)
Customer Reviews: 4.8 4.8 out of 5 stars (4,982)