Basic Economics, Fourth Edition, Thomas Sowell
Basic Economics, Fourth Edition, Thomas Sowell
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Basic Economics, Fourth Edition
A Common Sense Guide to the Economy

Author: Thomas Sowell

Narrator: Tom Weiner

Unabridged: 23 hr 51 min

Format: Digital Audiobook Download

Published: 12/28/2010

Synopsis

The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. Among other additions throughout the book, a new section on the special role of corporations in the economy has been added to the chapter on government and big business. Basic Economics, which has now been translated into six foreign languages, has grown so much that a large amount of material previously found in the back of the book has now been put online instead so that neither the book itself nor its price will have to expand. The central idea of Basic Economics, however, remains the same: The fundamental facts and principles of economics do not require jargon, graphs, or equations and can be learned in a relaxed and even enjoyable way.

About Thomas Sowell

Thomas Sowell has taught economics at Cornell, UCLA, Amherst, and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, at Stanford University. He has been published in both academic journals and such popular media as the Wall Street Journal, Forbes, and Fortune and writes a syndicated column that appears in newspapers across the country.

Reviews

Goodreads review by Toe on June 08, 2018

Thomas Sowell is a god. I'm a big fan of his writing style because it's clear and concise. Basic Economics is highly informative and easily accessible. This book should be required reading, not just for econ majors or business majors, but everyone. Big ideas: 1. Economics is about trade-offs, not sol......more

Goodreads review by Gavin on May 03, 2008

This is one the the most important books I have ever read. It is clear, concise, and very pertinent to modern day politics and public policy. It explains economic thinking without any of the math. What this book will give you is a understanding of how to use scarce resources that have alternative us......more

Goodreads review by Elyse on February 07, 2009

This is an amazing book and absolutely a must-read if you want to understand the basic causes and effects of a free market economy. Here's a warning. If you have any passion at all about politics, or concern about government intruding into your life, or if you're the least bit cynical about politici......more

Goodreads review by Brian on March 13, 2024

"Economic policies need to be analysed in terms of the incentives they create, rather than the hopes that inspire them." page 45 My first observation about most reviewers is that they condemn an author based mostly on his/her political views (Sowell is conservative) and if the reviewers are somewhat......more

Goodreads review by Amit on May 18, 2019

Don't fall in the trap[ of the title the book is n0t basic. The book deals with economic problems without any graphs and statistics that's why the author has coined the term Basic Economics. The book is a general treatise on economics phenomenon that happens around us. It provides a rudimentary knowl......more

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