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Basic Economics: A Citizen's Guide to the Economy
 
 
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Basic Economics: A Citizen's Guide to the Economy [Hardcover]

Thomas Sowell
4.6 out of 5 stars  See all reviews (5 customer reviews)

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Basic Economics 4th Edition: A Common Sense Guide to the Economy Basic Economics 4th Edition: A Common Sense Guide to the Economy 4.0 out of 5 stars (5)
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Product details

  • Hardcover: 438 pages
  • Publisher: Basic Books; Revised edition edition (4 Dec 2003)
  • Language English
  • ISBN-10: 0465081452
  • ISBN-13: 978-0465081455
  • Product Dimensions: 19.8 x 12.4 x 0.8 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Bestsellers Rank: 517,044 in Books (See Top 100 in Books)

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Thomas Sowell
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Product Description

Review

"Sowell has managed to make economics humane again, relevant and interesting to young people and ordinary citizens!"

Product Description

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 considerably, reflecting the experiences of many different peoples and cultures.

Inside This Book (Learn More)
First Sentence
Virtually everyone agrees on the importance of economics, but there is far less agreement on just what economics is. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Excellent! 1 Nov 2004
By A Customer
Format:Hardcover
This is a great book, and easy to read. Don't be put off by the title; it's a fascinating read and you will come away with having learnt a hell of a lot. It refutes so many of the illogical arguments that usually circulate in any political/economic debate. If you're in favour of free-market economics, you'll find all the ammo you need here. Thoroughly recommended. It will really get you thinking. If only everyone had read it.
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3 of 3 people found the following review helpful
By A Customer
Format:Hardcover
I would recomment this book as a first book in economics because it is simple and easy to read. However Sowell makes a point to completely omit charts and graphs, and so sometimes the wordy explainations get a bit tiring. I would have found a few charts and graphs helpful. There is also a fair amount of repetition, as each chapter is also meant to be able to stand on its own. Overall I am glad that I read this book because I feel it provides a good grounding in the basics.
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9 of 11 people found the following review helpful
Format:Hardcover
I have never been really interested in reading about Economics but a chance mention of the excellent writing by Thomas Sowell led me to select this his latest book. Once I started to read it I couldn't put it down. I think everyone who is capable of reading, especially politicians should study this book and learn from it. After reading and digesting the subject one wonders why we really need politicians. In fact I have reached the conclusion that we don't and that the only purpose of government is to grow and protect government. Politicians are needed to protect politicians and to create political jobs and so on forever regressing into a nightmare of escalating costs at the expense of those who actually create something of value.

The logic applied to the subject of price control is superb. He systematically destroys the argument that rent control creates low cost housing for everyone and goes on to demonstrate that time and time again it creates homelessness and housing shortages. Yet governments do it because it's popular with voters!!!

This book is easy to read and understand and I recommend it to anyone who is interested or inquisitive about the subject. Although Sowell refers mainly to the US economy, essentially it relates to any country where free market dynamics exist.

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