About this title: Basic Economics has been written with the thought that learning economics should be not only a relaxed experience, but also an enjoyable one.. This is the revised and enlarged edition of a new kind of introduction to economics for the general public-without graphs, statistics, or jargon. In addition to being updated, Basic Economics has also become more internationalized by including economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. While most chapter titles remain the same, their contents have changed ...
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Description: Very good. Purchasing this book supports the King County Library System Foundation. Thriftbooks and KCLSF have partnered to help raise additional funds for the library system. Book has appearance of light use with no easily noticeable wear. Millions of satisfied customers and climbing. Thriftbooks is the name you can trust, guaranteed. Spend Less. Read More. read more
Binding: Hardcover
Publisher: Basic Books
Date Published: 2003-12-24
ISBN-13:9780465081455ISBN:0465081452
Description: Good. Excellent customer service. May ship from alternate location depending on your zip code and availability. Satisfaction guaranteed! ! read more
Binding: Hardcover
Publisher: Basic Books
Date Published: 2003-12-24
ISBN-13:9780465081455ISBN:0465081452
Description: Good. Excellent customer service. May ship from alternate location depending on your zip code and availability. Satisfaction guaranteed! ! read more
Binding: Hardcover
Publisher: Basic Books
Date Published: 2003-12-24
ISBN-13:9780465081455ISBN:0465081452
Description: Good. Excellent customer service. May ship from alternate location depending on your zip code and availability. Satisfaction guaranteed! ! 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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