Economic Logic [Paperback]

Mark Skousen (Author)

Book Description

ISBN-10: 0895262169 | ISBN-13: 978-0895262165 | Publication Date: July 2001 | Edition: 1

While there are plenty of free-market economic textbooks in print, they all give far too much space to flawed economic theory, outdated financial analysis and politically-motivated conclusions.

Editorial Reviews

Review

"I think your textbook is better than Paul Heyne's. It has an excellent balance of theory and the real world that no other text has achieved. I'll use it next time." --Prof. Charles Baird, CalState Hayward

"After using Economic Logic this semester, I will never go back to another textbook." --Prof. Harry Veryser, Walsh College, Michigan --This text refers to an out of print or unavailable edition of this title.

About the Author

Mark Skousen is a professional economist, investment expert, university professor, and author of more than 25 books. Currently he holds the Benjamin Franklin Chair of Management at Grantham University. Since 1980, he has been editor-in-chief of Forecasts & Strategies, a popular award-winning investment newsletter. In 2004-2005, he taught economics and finance at Columbia Business School and Columbia University. He is a former analyst for the CIA, a columnist to Forbes magazine, and past president of the Foundation for Economic Education. He has written for The Wall Street Journal, Forbes, and The Christian Science Monitor, and has appeared on CNBC, CNN, ABC News, Fox News, and C-Span Book TV. His bestsellers include The Making of Modern Economics and Investing in One Lesson. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 369 pages
• Publisher: Capital Press; 1 edition (July 2001)
• Language: English
• ISBN-10: 0895262169
• ISBN-13: 978-0895262165
• Product Dimensions: 9.9 x 7.8 x 0.9 inches
• Shipping Weight: 15.2 ounces
• Average Customer Review: 4.6 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #2,263,600 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

38 of 40 people found the following review helpful:

5.0 out of 5 stars Economics Finally Made Sense in the Real World, May 10, 2000

By A Customer

This review is from: Economic Logic (Paperback)

Reading Economic Logic gave me a profound new understanding of how economics applies in the real world, especially in business and personal finance.

My college economics courses, filled with perplexing theories like the paradox of thrift, GDP and Keynesian fiscal policy, were completely refuted in this excellent free-market textbook. Economic Logic focused on important, real issues like business profit-loss statements, entrepreneurship and the advantage of saving -- something my college professors never even touched.

Although I am not currently a student or professor, I thoroughly enjoyed learning economics "right." I have found it helpful in gaining more insight in running my business -- as well as the wisdom of fiscal conservatism in our government policies.

I highly recommend professors use this text in their economics classes. And students, if your professors don't use this text, get it for yourself so you can really understand the concepts and principles of sound economics.

33 of 35 people found the following review helpful:

5.0 out of 5 stars A fine free-market textbook, February 23, 2001

By 

John S. Ryan "Scott Ryan" (Cuyahoga Falls, OH) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Economic Logic (Paperback)

Readers of Thomas Sowell's excellent _Basic Economics: A Citizen's Guide to the Economy_ may want to tackle this fine textbook next. Skousen presents basic economic concepts and principles in clear, crisp prose, and his presentation is the next level up from Sowell's: whereas Sowell eschews graphs and charts altogether, Skousen uses them sparingly and well in order to introduce, illustrate, and explain how markets work.

The text is suitable for anyone with approximately a high-school education (and I'd love to see it used in actual high schools). As such, it's well adapted for self-study.

13 of 13 people found the following review helpful:

4.0 out of 5 stars Friendly to both user and instructor!, June 24, 2008

By 

K. Au (Highland Park, NJ USA) - See all my reviews
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This review is from: Economic Logic 3rd Edition (Paperback)

This textbook is an all-in-one textbook for economics. Not only does it have an overview explaining economic thinking but it also has comprehensive sections on micro and macroeconomics. An added feature is its section on government policy, helping the economic student understand how society's interventions in the market affect the economy. Perhaps the best component is the afterward "What Do Economists Do?" which discusses career opportunities and trends, even with expected incomes!

From an instructor's perspective, the book is designed to maximize learning while minimizing monotony. The text is illuminated with simple yet useful charts and diagrams. The explanation of principles is accomplished with modern scenarios, arousing the student's interest. Each chapter is followed with a summary, a list of important terms introduced in the chapter, and a brief biographical sketch of influential economists. Additionally, each chapter has "Problems to Ponder", including both abstract theoretical questions and practical, calculation-based questions. For supplemental study, each chapter has additional recommended readings.

This book is user- and instructor-friendly, perfect for any beginner economic student - simple, direct, and comprehensive.