Basic Economics by Thomas Sowell
A Citizen's Guide to the Economy

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At last there is a citizen's guide to the economy, written by an economist who uses plain English. No jargon, no graphs, no equations. Yet this is a comprehensive survey, covering everything from rent control and the rise and fall of businesses to the international balance of payments.The purpose of Basic Economics is to enable people without any economic training to understand the way the economy functions-not only the American economy, but other economies around the world.Some of the clearest demonstrations of the role of prices, for example, come from economies in which prices are not allowed to function-with consequences which show just what those functions are and what happens when they are lacking.In the end, this is not a book from which to cram facts, but one from which to gain an understanding of the economy that will enable you to form your own conclusions on the basis of tested principles, rather than on the basis of emotion or rhetoric. That is the goal of the journey, but you should also enjoy the trip along the way.
 

About Thomas Sowell

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Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.
 
Published December 21, 2000 by Basic Books. 384 pages
Genres: Business & Economics, Political & Social Sciences, Computers & Technology, Science & Math. Non-fiction

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“Utter ignorance and gross fallacies” dominate the economic knowledge of the man on the street, thunders Sowell, so he is here to right this wrong with a clear-eyed introduction to the dismal science, free of bell curve and bar graph, and most of all with “nothing to say about the validity of soc...

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From conservative think-tanker Sowell (The Quest for Cosmic Justice, 1999, etc.), ideological balderdash parading as a disinterested introduction to economics.

May 20 2010 | Read Full Review of Basic Economics: A Citizen's...

Publishers Weekly

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The heart of the matter for Thomas Sowell (Basic Economics ) is to ask, “What are the facts?” In his latest book, economist Sowell examines numerous misconceptions about life and economics.

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Basic Economics: A Citizen's Guide to the Economy .

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