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Book Synopsis
The bestselling citizen''s guide to economics

Basic Economics is a citizen''s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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.

This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.

Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

Basic Economics

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    A Hardback by Thomas Sowell

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      Book details

      Publisher Basic Books
      Published 31 December 2014
      ISBN-13 9780465060733
      978-0465060733
      ISBN-10 0465060730
      Also in:
      Non Fiction Business, Finance & Law Business and Management Economic theory and philosophy

      Description

      Book Synopsis
      The bestselling citizen''s guide to economics

      Basic Economics is a citizen''s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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.

      This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.

      Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

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