Basic Economics: A Common Sense Guide to the Economy [Hardcover] Author: Thomas Sowell | Language: English | ISBN:
0465022529 | Format: PDF, EPUB
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The fourth edition of
Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. A new section on the special role of corporations in the economy has been added to the chapter on government and big business, among other additions throughout the book.
Basic Economics, which has now been translated into six languages, has grown so much that a large amount of material in the back of the book in previous editions has now been put online instead, so the book itself and its price will not have to expand. The central idea of Basic Economics, however, remains the same: that the fundamental facts and principles of economics do not require jargon, graphs, or equations, and can be learned in a relaxed and even enjoyable way.
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- Hardcover: 786 pages
- Publisher: Basic Books; 4th edition (December 28, 2010)
- Language: English
- ISBN-10: 0465022529
- ISBN-13: 978-0465022526
- Product Dimensions: 9.3 x 6.2 x 2.1 inches
- Shipping Weight: 2.2 pounds (View shipping rates and policies)
There's a story Milton Friedman use to tell when he was the Nobel Prize winning Professor of Economics at the University of Chicago. He would say that an economist is a man that knows a thousand ways to make love, but has never been with a woman. The truth of this statement is embodied in just about every concept you will study in economics, and the people responsible for those concepts. It is as though they go out of their way to be as confusing as possible. They use language that only a fellow economist could hope to understand but probably doesn't.
This book by noted scholar Thomas Sowell seeks to DEMYSTIFY ECONOMICS, and it gets the job done very well. If you ever wanted to understand economics but could not get the job done, guess what? You now have your chance. This book is clear, readable, to the point, deep, logical, and gripping. You will never read the weekly jobs report or economic output release from the government in the same way again, what's more, you will understand it. We have all been involved with jargon. Some esoteric thinker lays a paragraph on you in such a way that you don't understand a word he is saying. It's all intentional. Here's your chance to get even. You read this book; it will be you laying out the economic concepts for your friends. Here's just a taste of what you will learn.
There are SEVEN distinct sections to the book. All of them will hold your attention. They are:
I Prices and Markets
II Industry and Commerce
III Work and Pay
IV Time and Risk
V The National Economy
VI The International Economy
VII Special Economic Issues
The author chooses his words in such a way as to make the topic highly readable.
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