Basic Economics

Basic Economics

A Common Sense Guide to the Economy

Book - 2015
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Sowell explains the principles of economics in plain jargon for the general public, answering questions like: Why are homeless people sleeping on the sidewalks of New York in the winter, when abandoned apartment buildings have four times as many dwelling units as there are homeless people in the city? Why did Russians have to import food to feed people in Moscow, when Russia itself had vast amounts of some of the richest farmland in Europe? What are the reasons for the large differences in income and wealth between nations?
Publisher: New York : Basic Books, a member of the Perseus Books Group, c2015.
Edition: 5th ed.
ISBN: 9780465060733
Branch Call Number: 330 SOW
Characteristics: ix, 689 pages ; 25 cm


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Feb 04, 2018

I thoroughly enjoyed this and now feel I know something about economics. The book does what it claims presenting economics with cogent arguments. It should be required reading for all voters. I think Thomas Sowell is an American national treasure and its too bad he never threw his hat into the political arena, lord knows we could use his common sense up here in the Great White North eh.

Oct 10, 2017

I am not a reader and plowed through this in less than a week. While the book is 600+ pages, Sowell moves rather quickly from point to point and example to example. If you are interested in common sense economics you will find this very interesting. If you have already studied economics this will challenge what you believe. Sowell makes a compelling case that free markets, capitalism and individual freedom have created more wealth, more opportunity and more mobility (from poor to wealthy and visa versa) than any other system in history.

Apr 08, 2017

What are the intentions of, and incentives created by: minimum wages, rent controls, and generous EI benefits? If I told you the answers might surprise you, would you want to know more?

Analyzing such questions and discussing just exactly how the heck this whole 'economy' thing is even working at all, this book is either an excellent, meticulously constructed one-stop introduction into thinking rationally about macro-economics, or a (rather large) piece of neoliberal propaganda.

I leave it up to the reader to make this decision as an exercise.


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Apr 08, 2017

ryanwillock thinks this title is suitable for 11 years and over


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