Basic Economics: A Citizen's Guide to the Economy (Art of Mentoring Series) by Thomas Sowell

From the Publisher

This is the revised and enlarged edition of a new kind of introduction to economics for the general public-without graphs, statistics, or jargon. In addition to being updated, Basic Economics has also become more internationalized by including economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. While most chapter titles remain the same, their contents have changed considerably, reflecting the experiences of many different peoples and cultures.

George Will

Basic Economics is not only valuable for a general lay-person audience; it would also benefit lawyers, politicians and, yes, economists. . .

Deseret News

All Democrats should be required to read Thomas Sowell's book 'Basic Economics'...

American Spectator

Sowell fans will find it a good read and a good resource.

Laissez-Faire Books

Basic Economics complements Henry Hazlitt's great classic Economics in One Lesson.

Library Journal

Syndicated columnist Sowell (economics, Hoover Inst.) is the author of 31 books and monographs on a broad range of topics, including race, culture, education, social policy, philosophy, and economics. In this groundbreaking work, he explains the basics of economics without resorting to the graphs, equations, and jargon that typically fill the textbooks and literature in the field. Along the way, he explains exactly what economics is and what its guiding principles are. Sowell covers a broad range of topics, from scarcity, the balance of trade, and price controls to minimum-wage laws, competition, profits and losses, and the role of government. Intended as a primer for the citizen not trained in the basics of economic theory, this book is flawed only in a somewhat confusing organization that leads to repetition. Recommended for public libraries. Norm Hutcherson, California State Univ., Bakersfield Copyright 2001 Cahners Business Information.

Booknews

Sowell, one of America's best-known economists and a fellow of the Hoover Institution at Stanford University, explains the economy in plain English for general readers, covering everything from rent control to the international balance of payments. He uses examples drawn from around the world and from different time periods to show how whole societies create property or poverty for their people by the way they organize their economies. Chapters are in sections on prices, industry and commerce, work and pay, time and risk, the national economy, the international economy, and popular economic fallacies. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

• ISBN: 0465081452
  
• ISBN-13: 9780465081455
• Format: Hardcover, 438pp
• Publisher: Basic Books
• Pub. Date: December 2003
• Edition Description: Revised & Expanded Edition
• Series: Art of Mentoring Series

• Table of Contents

Table of Contents