Basic Economics 3rd Ed: A Common Sense Guide to the Economy [Hardcover]

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Item Description...
An accessible, jargon-free resource outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates.

Publishers Description
Basic Economics is a citizen's guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy-capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

Item Specifications...

Pages   640
Est. Packaging Dimensions:   Length: 9.4" Width: 6.2" Height: 1.8"
Weight:   1.8 lbs.
Binding  Hardcover
Publisher   Basic Books
ISBN  0465002609  
EAN  9780465002603  

Availability  0 units.

More About Thomas Sowell
Thomas  Sowell Thomas Sowell was born in North Carolina and grew up in Harlem. As with many others in his neighborhood, Thomas Sowell left home early and did not finish high school. The next few years were difficult ones, but eventually he joined the Marine Corps and became a photographer in the Korean War. After leaving the service, Thomas Sowell entered Harvard University, worked a part-time job as a photographer and studied the science that would become his passion and profession: economics. Thomas Sowell graduated from Harvard University, received his Master's in Economics from Columbia University and his Doctorate in Economics from the University of Chicago. In the early '60s, Sowell held jobs as an economist with the Department of Labor and AT&T. But his real interest was in teaching. Sowell began the first of many professorships at Cornell University, and his other teaching assignments include Rutgers University, Amherst College, Brandeis University and the UCLA, where he taught in the early '70s and '80s. Thomas Sowell has a large volume of writing including a dozen books, and numerous articles and essays; covering a wide range of topics, from classic economic theory to civil rights and judicial activism, even choosing the right college. Much of his ground-breaking writing will outlive the great majority of scholarship done today! Though Thomas Sowell had been a regular contributor to newspapers in the late '70s and early '80s, he did not begin his career as a newspaper columnist until 1984. In 1990, he won the prestigious Francis Boyer Award, presented by The American Enterprise Institute.
"George F. Will's writing," says Sowell, "...proved to him that someone could say something of substance in so short a space (750 words). And besides, writing for the general public enables him to address the heart of issues without the smoke and mirrors that so often accompany academic writing."
Sowell's very timely book,The Housing Boom and Bust: Revised Edition attempts to determine whether what is being done to deal with America's 2009-2010 housing boom and bust problem is more likely to make things better or worse. His examination of racism and Liberalism in Black Rednecks and White Liberals is a classic from a daring perspective rarely heard in the Black Community. Nowhere else will you read about the co-dependent relationship between " rednecks.. and white liberals.." Currently Thomas Sowell is a senior fellow at the Hoover Institute in Stanford, Calif.

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Reviews - What do our customers think?
Complicated Economics made understandable  Jan 6, 2010
Thomas Sowell is a master at taking complicated subject matter and making it easy to understand. He uses real situations, telling you what happened and why it succeeded or failed. This is a resource for every American to understand how the world works.
Excellent book! All voters and politicians need to read this!  Jan 5, 2010
We need all voters to read this book before casting their vote. I wish our politicians also read this book! The book is excellent, covering many economic topics in basic terms and giving lots and lots of historic examples for the points he makes!
basic economics thomas sowell  Dec 16, 2009
Basic Economics by Thomas Sowell is an excellent book that provides anyone interested in economics a wonderful and practical understanding of the subject. The book includes modern day and historical examples that make understanding the principles of economics interesting and relevant. I recommend it.
Very one-sided, single-minded  Dec 12, 2009
As a few others have noted, Sowell's Basic Economics would be better called "Basic Conservative Economic Dogma". Fine. He rights well and pretty concisely (given the standard gabbing in economics -- remember Greenspan?) But he is a radical (or reactionary) cherry-picker, using only specific cases that suit the conclusion he has pre-determined.
Worth it!! Read it!  Dec 9, 2009
Best book on economics I have ever read. Thoughtful, intelligent, and relevant. His examples are wonderful (and really brush up my political history). I wish he were part of the president's cabinet!

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