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Basic Economics 3rd Ed: A Common Sense Guide to the Economy | 
| Author: Thomas Sowell
Publisher: Basic Books
Category: Book
List Price: $39.95
Buy New: $26.37
You Save: $13.58 (34%)
Rating:  54 reviews
Sales Rank: 2450
Media: Hardcover
Edition: 3
Pages: 640
Number Of Items: 1
Shipping Weight (lbs): 2.2
Dimensions (in): 9.1 x 6.1 x 2
ISBN: 0465002609
Dewey Decimal Number: 330
EAN: 9780465002603
ASIN: 0465002609
Publication Date: April 2, 2007
Availability: Usually ships in 7 to 10 days
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| Editorial Reviews:
Product Description
This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter on government finance. Basic Economics is a citizen's guide to economics--for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy--capitalist, socialist, feudal, and so on. In readable 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.
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| Customer Reviews: Read 49 more reviews...
 Basic Economics review December 17, 2008
windsorsdad (Columbus, GA)
An excellent companion to The Concise Encyclopedia of Economics. Thomas Sowell explains in easy to understand language how liberal beliefs and actions do more damage than help.
A book for everyone December 13, 2008
SongBird (CA)
Mr Thomas Sowell gives an in depth view of how basic economics works. This book gives historical information on the various kinds of economies found in the world and why they work or do not work. I highly recommend this book for everyone, especially seniors in high school. If every senior student had this book, he/she would be better voters of those who hold positions of power in our country, and would understand the world and economic basics which are the backbone of our nation and other nations in the world.
 A Very good counterbalance to highly "liberal" texts December 2, 2008
Norman Strojny (western desert of Utah)
0 out of 1 found this review helpful
"Basic Economics" by Thomas Sowell is a very good book for the average, curious, citizen, who wants to understand the American economy. It is not written in textbook style, but it is highly readable.
The material is a very good counterbalance to highly "liberal" texts that seem to like governmental interventions and some degree of socialism.
I strongly recommend this book for a better understanding of economics.
You Cannot Succeed in Life Without Understanding Economics, and This Book Shows You All You Need to Know About the Subject November 23, 2008
Andrew Chang: 7-Hour School Week and Health, Wealth, Truth (Bay Area)
"Economics is the study of the use of scare resources which have alternative uses" (1).
Understanding economics is understanding trade-offs, incentives, and how the world works. This refreshing interesting book does away with all the dry equations, graphs, and jargon of traditional textbooks to show the heart of the matter.
This book fulfills the economic requirement of the 7-Hour School Week's 12 hard skills to master. You don't need to take a dry economic class to benefit from its strategies.
Read this book instead. You will enjoy it more, and you will probably learn more too.
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