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Basic Economics

 
  by Thomas Sowell
 
 
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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: One Thumb UpOne Thumb UpOne Thumb UpOne Thumb UpOne Thumb Up (Based on 2 reviews.)


 
 
Cover to Cover
 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 economy—capitalist, 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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Economics Made Interesting and Accessible
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-- J. Moreno, a banker & teach college economics, May 7, 2001


Required Reading for EVERY American
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-- Jason, programmer/analyst, June 28, 2002


 
 
Table of Contents
 
Prefaceix
Acknowledgementsxi
1What Is Economics?1
Part IPrices
2The Role of Prices7
3Price Controls21
4An Overview39
Part IIIndustry and Commerce
5The Rise and Fall of Business59
6The Role of Profits--and Losses73
7Big Business and Government89
8An Overview105
Part IIIWork and Pay
9Productivity and Pay127
10Controlled Labor Markets149
11An Overview167
Part IVTime and Risk
12Investment and Speculation175
13Risks and Insurance193
14An Overview207
Part VThe National Economy
15National Output215
16Money and the Banking System223
17The Role of Government237
18An Overview261
Part VIThe International Economy
19International Trade269
20International Transfers of Wealth283
21An Overview297
Part VIIPopular Economic Fallacies
22"Non-Economic" Values305
23Prices and Purchasing Power315
24Business and Labor329
25An Overview343
Sources347
Index359


 
 
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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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