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
0465060730
Branch Call Number: 330 SOW
Characteristics: ix, 689 pages ; 25 cm

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ryanwillock
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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ryanwillock
Apr 08, 2017

ryanwillock thinks this title is suitable for 11 years and over

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