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.
About the Author :
Thomas Sowell is a Senior Fellow at the Hoover Institution, Stanford University. For more than half a century, his writings have appeared in both popular and scholarly publications, on both sides of the Atlantic, and his books have been translated into a dozen foreign languages. After a career as an economist in the government, academia, and the corporate world, he has since 1980 been a scholar in residence at the Hoover Institution. His website is www.tsowell.com.
Brian Emerson is an actor and technical director with a long career in the Washington, DC, and Baltimore areas.
Review :
"Basic Economics demonstrates 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, author of The Battle: How the Fight Between Free Enterprise and Big Government Will Shape America's Future"
"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"
"Badly needed.... Anyone who has been subjected to biased and dreary economics textbooks should read Basic Economics as a bracing corrective."
-- "Claremont Review of Books"
"Clear and concise...Among economists of the past thirty years, [Sowell] stands very proud indeed."
-- "Wall Street Journal"
