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A presentation of economics in plain language.
A presentation of economics in plain, straightforward language, without the jargon, graphs, or equations that dominate most other economic writings. This book is aimed at people with no previous study of the subject, namely the general public and beginning students in economics. Basic Economics illustrates economic principles with vivid examples from countries around the world, to make those principles memorable in a way that technical jargon or mathematical presentations may not. The fifth edition includes a new chapter on the reasons for large differences of income and wealth between nations. It also examines some popular explanations of these differences that will not stand up under scrutiny. This chapter, and the chapter on the history of economics itself, give the beginning student a larger context for understanding the role of economics.--From publisher description.
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Previews available in: English
Showing 6 featured editions. View all 14 editions?
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2
Basic Economics: a common sense guide to the economy
2011, Basic Books
Hardcover
- 4th ed.
0465022529 9780465022526
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3
Basic economics: A Common Sense Guide to the Economy
2007, Basic Books
Hardcover
in English
0465002609 9780465002603
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4
Basic economics: a citizens guide to the economy
2003, Basic Books
in English
- Rev. and enlarged ed.
0465081452 9780465081455
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5
Basic economics: a citizen's guide to the economy
2001, Basic Books
in English
- 1st ed.
046508138X 9780465081387
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6
Basic Economics: A Citizen's Guide to the Economy
December 26, 2000, Basic Books
in English
046508138X 9780465081387
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First Sentence
"To know what economics is, we must first know what an economy is."
Work Description
"Why are homeless people sleeping on the sidewalks of New York in the winter, when the abandoned apartment buildings in the city have four times as many dwelling units as there are homeless people in the city? Why are people hungry in Moscow when there are vast amounts of some of the richest farmland on the continent of Europe within easy driving distance?
Why did unemployment reach 25 percent and American corporations as a whole operate in the red for two years in a row during the Great Depression of the 1930s?".
"All these very different - but equally puzzling and needless - tragedies grew out of a failure to understand and apply basic economic principles. Explaining these principles for the general public in plain English, with neither graphs nor equations nor jargon, is the goal and the achievement of Basic Economics by Thomas Sowell.
Professor Sowell has taught economics at leading colleges and universities across the country and now uses his years of experience to bring economics to light in a way that is both easy to absorb and hard to forget.".
"His lively examples are drawn from around the world and from centuries of history, because the basic principles of economics are not limited to modern capitalist societies and apply even to situations where no money changes hands, such as caring for wounded soldiers on a battlefield. The focus of Basic Economics is not on how individuals make money but on how whole societies create prosperity or poverty for their peoples by the way they organize their economies.
Prosperous countries with few natural resources, such as Japan and Switzerland, are as common as poor countries with rich resources, such as Russia or Mexico."--BOOK JACKET.
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