basic economics a citizen's guide to the economy

I didn't actually mind the narrator (though I do agree with other reviews that his intonation takes some getting used to) but I did find myself constantly questioning the actual content. This book provides a good overview of conventional thinking in economics - the benefits of the market, the function of prices, the problems with big government and so on. Overall: interesting, a good introduction to old-style free-market thinking but biased and outdated. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.Ī flawed tribute to free-market economics

Each chapter reflects the experiences of many different peoples and cultures. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. In this edition, Basic Economics has been revised and expanded to address the new concerns of the 21st century. 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 audiobook for anyone who wishes to understand how the economy functions.

In understandable language, he shows how to critique economic policies in terms of the incentives they create rather than the goals they proclaim. Sowell reveals the general principles behind any kind of economy - capitalist, socialist, feudal, and so on. Learning economics, he believes, should be relaxing - and even enjoyable. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon.

This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.ĭrawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.Thomas Sowell has a different idea about how economics should be taught. 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. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. The bestselling citizen's guide to economicsīasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations.

Basic economics a citizen's guide to the economy