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 | | | |  | | | Product Details
Format: Hardcover, 384 pages
Edition: 1 ED
Publisher: Basic Books
ISBN: 046508138X
Release Date: Jan 7, 2001
Average Reader Review:     (Based on 2 reviews.)
| |  | | | From The Publisher From one of America's best-known economists, the one book anyone who wants to understand the economy needs to read. At last, there is a citizen's guide to economics-for those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. Sowell reveals the general principles behind any kind of economycapitalist, socialist, feudal, etc. In readable language, he helps the reader 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. "Voters by the millions want to know basic economics, not for passing tests, but for grading politicians, and for understanding how the world works.... They have waited a long time for this book, by one of the nation's best and most trenchant minds." -Michael Novak, American Enterprise Institute
Author Biography: Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution. He writes on economics, history, social policy, ethnicity, and the history of ideas. Sowell's writings include a syndicated column appearing in 174 newspapers and a column in Forbes. He lives in Stanford, California.
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 | | | | | Number of Reviews: 2 Average Rating:     
Economics Made Interesting and Accessible     
-- J. Moreno, a banker & teach college economics, May 7, 2001
Required Reading for EVERY American     
-- Jason, programmer/analyst, June 28, 2002
| |  | | | | Preface | ix | | Acknowledgements | xi | | 1 | What Is Economics? | 1 | | Part I | Prices | | | 2 | The Role of Prices | 7 | | 3 | Price Controls | 21 | | 4 | An Overview | 39 | | Part II | Industry and Commerce | | | 5 | The Rise and Fall of Business | 59 | | 6 | The Role of Profits--and Losses | 73 | | 7 | Big Business and Government | 89 | | 8 | An Overview | 105 | | Part III | Work and Pay | | | 9 | Productivity and Pay | 127 | | 10 | Controlled Labor Markets | 149 | | 11 | An Overview | 167 | | Part IV | Time and Risk | | | 12 | Investment and Speculation | 175 | | 13 | Risks and Insurance | 193 | | 14 | An Overview | 207 | | Part V | The National Economy | | | 15 | National Output | 215 | | 16 | Money and the Banking System | 223 | | 17 | The Role of Government | 237 | | 18 | An Overview | 261 | | Part VI | The International Economy | | | 19 | International Trade | 269 | | 20 | International Transfers of Wealth | 283 | | 21 | An Overview | 297 | | Part VII | Popular Economic Fallacies | | | 22 | "Non-Economic" Values | 305 | | 23 | Prices and Purchasing Power | 315 | | 24 | Business and Labor | 329 | | 25 | An Overview | 343 | | Sources | 347 | | Index | 359 |
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| | | | | | Keywords Economics, Business / Economics / Finance, Business & Economics, Economics - General, Political Economy, Education, Economics, Economics, Business / Economics / Finance, Business & Economics, Economics - General, Political Economy, Education, Economics, Business / Economics / Finance, Business & Economics, Economics - General, Political Economy, Education
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