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Basic Economics: A Common Sense Guide to the Economy Hardcover – 7 Jun. 2007
| Thomas Sowell (Author) See search results for this author |
| Amazon Price | New from | Used from |
| Hardcover, 7 Jun. 2007 |
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| — | £30.00 |
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- ISBN-100465002609
- ISBN-13978-0465002603
- Edition3rd
- PublisherBasic Books
- Publication date7 Jun. 2007
- LanguageEnglish
- Dimensions15.88 x 4.45 x 24.13 cm
- Print length640 pages
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Basic Economics: A Common Sense Guide to the EconomyHardcover£4.40 deliveryOnly 5 left in stock (more on the way).
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- Publisher : Basic Books; 3rd edition (7 Jun. 2007)
- Language : English
- Hardcover : 640 pages
- ISBN-10 : 0465002609
- ISBN-13 : 978-0465002603
- Dimensions : 15.88 x 4.45 x 24.13 cm
- Best Sellers Rank: 690,077 in Books (See Top 100 in Books)
- 1,305 in Economic Theory & Philosophy
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This book expounds the economic system that supports the political system advocated and defended in Sowell's many other works, including "Preferential Policies" and "The Conflict of Visions" to name but two. It does the job by highlighting the unintended consequences that so often follow when governments try to do more than their inherently limited knowledge will allow.
This book is not a balanced presentation of the arguments (are any of them?), but far more one sided and polemical than any textbook could afford to be.
So; Not a textbook, but rather an antidote to the often well-meant but ill-focused and ultimately useless waste of money that passes for policy in much of the developed world. Sowell does sometimes labour the point, but the title is "Basic Economics" and for all that the book is still very readable. A reader can dip in to it here and there for Sowell's thoughts on particular topics or read it cover-to-cover. Depending on their own pre-conceptions they will emerge with either a reinforced arsenal of arguments or a severely challenged worldview.
Just don't expect a graph of the Phillips Curve.
It also explains in simple terms how a relatively uncontrolled market will regulate itself price wise to a certain extent,and this might go unnoticed to an uninformed regular consumer like me. Thomas Sowell is a hero.
Contains some excellent bashing of politicians and politics.
Gets five stars for clarity and content.

