About this title: This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter of 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 ...
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Binding: Hardcover
Publisher: Basic Books
Date Published: 2007-04-02
ISBN-13:9780465002603ISBN:0465002609
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780465002603. read more
Description: Fine. 0465002609 wear or little bend Ships Within 24 Hours. Excellent Customer Service. Upto 15 Days 100% Money Back Gurantee. Try Our Fast! ! ! ! Shipping With Tracking Number. read more
Edition: 3rd edition
Binding: Hardback
Publisher: Perseus Books Group
Date Published: 2007
ISBN-13:9780465002603ISBN:0465002609
Description: New. "Basic Economics" is a citizen's guide to economics with clear explanations of the entire field--for those who want to understand how the economy works but have no interest in jargon or equations. read more
"Thomas Sowell consummately translates complex economic principles into the language of the common man. The subtitle indicates that this book is a "citizen's guide"; society would benefit tremendously if each citizen were to familiarize himself with the principles that Dr. Sowell addresses.
"For those who are willing to stop and think, basic economics provides the tools for evaluating policies and proposals in terms of logical implications and empirical evidence."--This is the end which the book accomplishes. Liberty comes by understanding things as they really are and not from the wishful thinking that subjects citizens to the awful whims of corrupt politicians and other demagogues."
"I read 12 economics books over the summer of '08. This was the best. This is the book that I would recommend to someone without a background in economics that wanted a solid footing in the dismal science. Sowell is an excellent writer. His thoroughness might be a bit wearing on someone with little interest in the subject matter, but none of his theories or models are presented in a way that would be over the head of any average reader. That is not true of all his books (many of them academic works) but this should not intimidate anyone."
"A must-read for any intelligent voter. Sowell clearly explains why the market system is the most efficient method of allocating goods in a world where resources are scarce..... and the negative,and sometimes unintended effects of other methods.
One of my favorite quotes was... "Careful and complex mathematical calculations can make the difference between having an astronaut who is returning to earth crashing in the Himalayas or landing safely in Florida. We have also seen similar social disasters from misunderstanding the basic principles of economics."
In some ways, this makes economic calculation sound frightening, but the good news is that by utilizing the market, the calculations are not dependant on one person's limited knowlege but in the collective knowledge of all market actors. Not only that, but in a market system, mistakes are generally self-correcting. Let's all go to Florida!
And yet a crash in the Himalyas is still a possibility because as Sowell also states, "Politicians understand that there are always more people who do not understand economics than people who do.""
"Like many people of late, I have become increasingly concerned with the state of the economy. I chose this book because I am weak in the field of economics, having taken no business courses at all in college. I wanted a "primer" on the subject. This book fit that bill quite nicely. It encapsulates in a book that can be read easily in one sitting the basic priciples of economics in a manner that is easily digestible and understandable."
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