Basic Economics, Fifth Edition: A Common Sense Guide to the Economy
| Author | : | |
| Rating | : | 4.73 (616 Votes) |
| Asin | : | B00PKQMFT8 |
| Format Type | : | |
| Number of Pages | : | 209 Pages |
| Publish Date | : | 2014-01-16 |
| Language | : | English |
DESCRIPTION:
George Willikers said Proof You Shouldn't Judge a Book by its Cover. What sets Thomas Sowell apart from many economists and intellectuals is his ability to present complex ideas with both clarity and simplicity. As he himself once noted, "If academic writings were difficult because of the deep thoughts involved, that might be understandable, even if frustrating. Seldom is that the case, however. Jaw-breaking words often cover up very sloppy thinking." For Sowell, economics is no exception.In Basic Economics, he reminds you that economics is the study of the use of scarce resources which have alternative uses. And with this fundame. "Neither are textbooks but rather wonderful descriptions of particular fields of thought" according to Amazon Customer. Just as after reading Asimov's "New Guide to Science" I was not a scientist I am likewise not an economist after reading Thomas Sowell's "Basic Economics". Neither are textbooks but rather wonderful descriptions of particular fields of thought. The main take away from "Basic Economics" for the layman such as myself is to be skeptical of all those who claim to know what is best to do with my money.Benjamin Franklin said, "It would be far better if government meddled no further with trade than to protect it." If you agree with this statement read this book to bette. luis said LOGICAL, CONCISE AND VERY INFORMATIVE!!. The book is very good because it gets you to start analyzing things with a logical and economical mind set. Sowell makes complex subjects easy and accessible to the general public, with straightforward explanations, logical methods of thinking and analysis and clear and simple language. Sowell debunks many of the things that people believe to be true, such as rent control, minimum wage, price controls, etc You get to realize that in economics intentions do not necessarily lead to results, that there are trade-offs, that there is an invisible side to the visible s
Basic Economics,which has now been translated into six languages and has additional material online, remains true to its core principle: that 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.. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English. In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives