Basic Economics

ISBN-13: 9780465060733

ISBN-10: 0465060730

Author: Thomas Sowell

Edition: 5

Publication date:
Basic Books
Hardcover 704 pages
Business, Economics
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Acknowledged author Thomas Sowell wrote Basic Economics comprising 704 pages back in 2014. Textbook and etextbook are published under ISBN 0465060730 and 9780465060733. Since then Basic Economics textbook received total rating of 4 stars and was available to sell back to BooksRun online for the top buyback price of $11.38 or rent at the marketplace.


The bestselling citizen's guide to economicsBasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.