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Title	:	Basic Economics: A Citizen's Guide to the Economy
Author	:	Thomas Sowell
Book Format	:	Hardcover
Book Edition	:	Revised and Expanded Edition
Pages	:	Pages: 448 pages
Published	:	December 24th 2003 by Basic Books (first published 2000)
Categories	:	Economics. Nonfiction. Business. Politics. Finance

Basic Economics: A Citizen's Guide to the Economy

Thomas Sowell

Hardcover | Pages: 448 pages

Rating: 4.32 | 7679 Users | 683 Reviews

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Basic Economics is a citizen's guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy-capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

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Original Title:	Basic Economics: A Citizen's Guide to the Economy
ISBN:	0465081452 (ISBN13: 9780465081455)
Edition Language:	English

Rating Containing Books Basic Economics: A Citizen's Guide to the Economy

Ratings: 4.32 From 7679 Users | 683 Reviews

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This is one the the most important books I have ever read. It is clear, concise, and very pertinent to modern day politics and public policy. It explains economic thinking without any of the math. What this book will give you is a understanding of how to use scarce resources that have alternative uses within an economy. This book scrutinizes policies that are meant to help people, but actually do more damage than good such as rent control, education subsidies, minimum wages, social security,

I would recommend this introduction to anyone who wants to learn the basics of economics in order to be a better informed citizen. It doesn't use technical jargon, but outlines basic principles clearly and in plain language, without graphs or equations, using real life examples. Sowell is obviously annoyed by the general ignorance of economics experienced by your average person, particularly by journalists and even politicians, and he sets out to make the basics clear. The basic principles he

Fascinating, edifying, accessible, and insightful. An invaluable book for understanding an important topic. Everyone who intends voting ought to read this book so that they understand economic issues.

Thomas Sowell exposes the fallacies and outright lies the American people have been subjected to in the advancement of progressive entitlement centric economic programs by the modern crop of corrupt politicians. If you take anything from this book, it should be this: The intended goals of any type of economic aid can never be considered separately from the actual economic incentives the policies implemented to ostensibly reach that goal will create, without causing more destruction and more harm

I wanted a clearer version of the Econ 101 I muddled through in college, and I admired Sowell's work, so I started reading this book. Then I found out it's not about M1 and M2 and how the Fed works. Rather, it's about really meaningful economics -- the kind every adult should understand.To a large extent, Sowell was preaching to the choir with me. I already understood why rent control is bad and how the minimum wage contributes to unemployment. I knew that cuts in the tax rate tend to increase

Everyone who can read should read this book - otherwise, get the audiobook.

If everyone read this book, the Democratic Party would be out of business, and for good reason. There are certain economic laws; there is economic history; there are economic limits., Liberals ignore this and proceed on good supposedly good intentions. Reality be damned.