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Basic Economics: A Common Sense Guide to the Economy Hardcover – Bargain Price, April 3, 2007
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Top Customer Reviews
In Basic, Sowell mainly addresses the various principles of economics through the problems and concerns of modern society such as the effect of price controls, the role of profits and losses, and international trade.
Altogether, Sowell covers some very complex and relevant topics. The theme that becomes clear upon reading this book, however, is that all of these issues have at their root very basic principles based on supply and demand, and the inherent risks of "unintended consequences" that stem from government intervention. As he states in the introduction, basic economics apply in many different kinds of economies--capitalist, socialist, feudal, and so on.
The upgrade over the 3rd edition is definitely worth the extra cost (this coming from someone who has read both). For anyone debating whether to add Thomas Sowell to their shelves, this would be a great start.
This book by noted scholar Thomas Sowell seeks to DEMYSTIFY ECONOMICS, and it gets the job done very well. If you ever wanted to understand economics but could not get the job done, guess what? You now have your chance. This book is clear, readable, to the point, deep, logical, and gripping. You will never read the weekly jobs report or economic output release from the government in the same way again, what's more, you will understand it. We have all been involved with jargon. Some esoteric thinker lays a paragraph on you in such a way that you don't understand a word he is saying. It's all intentional. Here's your chance to get even. You read this book; it will be you laying out the economic concepts for your friends. Here's just a taste of what you will learn.
There are SEVEN distinct sections to the book. All of them will hold your attention. They are:
I Prices and Markets
II Industry and Commerce
III Work and Pay
IV Time and Risk
V The National Economy
VI The International Economy
VII Special Economic Issues
The author chooses his words in such a way as to make the topic highly readable.Read more ›
Most Recent Customer Reviews
Great book for anyone who wants a clear and conceptual understanding of economics.Published 1 month ago by Chris
I wish I could send to every member of our government. Problem is I can't make them read it! But you can do it on your own and make your own decision! Read morePublished 3 months ago by Lynne OConnor
Absolutely brilliant. - Thomas Sowell is just a magnificent writer for me at least.Published 4 months ago by Bosshoggett
Thomas Sowell has a gift for explaining economics to the lay person. Powerful arguments. Irrefutable evidence. If you buy one book on economics, make it this one.Published 4 months ago by Crownsmith
This should be required reading for all high school students.Published 4 months ago by Robert P. Brodner Jr.
If you are interested in economics, this book gives you the basics to get started from an academic stand.Published 5 months ago by Anonymous
I cannot say enough about Dr. Sowell, who, in so many ways, is the man I wish I were. Many people have mastery of a subject, and can convey information about that subject. Read morePublished 6 months ago by John Larrimer
This took me forever to read! It is not that it is difficult to read or understand. It is more like drinking a fine wine or smoking an expensive cigar. Read morePublished 7 months ago by psychoinhell
If graphs and charts put you to sleep, as they do me, and all you want is a clear, concise, and logical explanation of how economies work and don't work, then this book is for you. Read morePublished 7 months ago by glk1710