Economic Logic (Paperback)

by Mark Skousen (Author)

Editorial Reviews

Review
"After using Economic Logic this semester, I will never go back to another textbook." -- Prof. Harry Veryser, Walsh College, Michigan

"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

"Skousen's experience in business boosts his creditability with students. The way Economic Logic integrates economics with accounting, finance, management and marketing successfully differentiates this textbook from all others. Great chapters on entrepreneurship and the stock market." -- Prof. Phil Murray, Webber College

Product Description
Economic Logic is a revolutionary free-market textbook, focusing on micro-economics. The textbook begins with the profit-loss statement, for example. Each chapter is supported with real world examples, biographies of pertinent economists and recommended reading. It covers supply and demand, monopoly and competition, factors of production, stock and bond markets, prices and output, and definitions of economics. Macro-economic, government policy and future of economics textbooks (Economic Logic Parts II, III and IV) are forthcoming. A perfect textbook for professors and students of community colleges, preparatory high schools, universities and colleges, home schoolers and professionals interested in the real forces that drive business and the economy.

See all Editorial Reviews

Product Details

• Paperback: 369 pages
• Publisher: Skousen Publishing, Inc. (March 10, 2000)
• ISBN-10: 0967403405
• ISBN-13: 978-0967403403
• Product Dimensions: 9.8 x 7.7 x 1 inches
• Shipping Weight: 2.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #1,870,114 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

26 of 27 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" (Silver Lake, OH) - See all my reviews (TOP 500 REVIEWER)    (REAL NAME)

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.

29 of 31 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

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.

7 of 7 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 (REAL NAME)

This review is from: Economic Logic, 2nd 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.