About this title: This citizen's guide to economics is aimed at those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. In accessible language, Sowell reveals the general principles behind any kind of economy - capitalist, socialist, or feudal.With explanations of rent control and the rise and fall of businesse s to the international balance of payments, the author aims to help the reader critique economic policies in terms of the incentives they create, rather than the goals they proclaim.
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"I found Sowell's book to be a real eye-opener. It is totally readable, despite what you've ever thought about economics, and makes sense of a complex subject. The only problem is, I won't be able to listen to these politicians and their bogus claims without endangering my radio. It is an excellent book. Absolutely."
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