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    Basic Economics
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    Basic Economics
    Unavailable
    Basic Economics
    Audiobook18 hours

    Basic Economics

    Written by Thomas Sowell

    Narrated by Brian Emerson

    4/5

    ()

    Currently unavailable

    Currently unavailable

    About this audiobook

    Thomas Sowell has a different idea about how economics should be taught. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Learning economics, he believes, should be relaxing, and even enjoyable.In this new edition, Basic Economics has been revised and expanded to address the new concerns of the twenty-first century. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. Each chapter reflects the experiences of many different peoples and cultures. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.
    LanguageEnglish
    PublisherBlackstone Audio
    Release dateOct 13, 2009
    ISBN9780786139224
    Unavailable
    Basic Economics
    Author

    Thomas Sowell

    Thomas Sowell is a Senior Fellow at the Hoover Institution, Stanford University. He has been a professor of economics at leading American colleges and universities and has lectured in Singapore, Israel, Switzerland, and Germany, as well as across the United States.

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    Reviews for Basic Economics

    4/5

    250 ratings7 reviews

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    • 3/5
      Excellent overview of modern economics for the lay person. Covers a wide variety of topics simply and easily. Economics is still a very 'fuzzy' field, especially in comparison to other sciences, and many people profess ignorance of large swaths of it. This books helps, although it is necessary to understand both the free-market stance and the relative lack of terminology.

      Be warned - if you are not a supporter of free-market economics, you will disagree with much in this book, as the author ascribes so much to it. Be warned, and do your own research about everything discussed - for example, I would have preferred more modern examples. However, it is still useful to understand the tenets of that system.
    • 5/5
      Dr. Sowell undertakes to explain economics to the layman, without using equations or graphs. He concentrates on the principles on which virtually all economists agree, even mischievously quoting Karl Marx now and then to show how broad the agreement is. Nonetheless, much of what he teaches will be novel to readers who take their economic views from political orators and the media. To fix the principles in his audience's mind, he applies them to an array of real world situations, ranging from rent controls to vocational licensing to investment in Third World countries. Since he is a conservative, his examples have a "right wing" tendency, but that fact shouldn't discourage liberals from studying the book. It isn't by any means polemical or propagandistic.Naturally, it isn't possible to cover everything. The focus here is far more micro than macro. One minor weakness is the writing style. The author tries so hard to be clear and jargon-free that he sometimes falls off the opposite stool, avoiding pronouns (evidently out of fear that their referents will be missed) and using clichés, The upshot is not much like the grace of his other books.
    • 4/5
      Dr. Sowell is clearly a conservative economist. He advocates reliance on the free market to distribute goods. He bases his case on the fact that it is nearly impossible for a government or other planner to have the knowledge needed to set prices for all the items in an economy, especially when the relative value of those items are changing all the time. The book also discusses and suprisingly debunks some ideas on the bad effects of trade imbalances. He also points out that "known reserves" of commodities depend heavily on the relative price at which the commodity is available. Sowell is an entertaining and lively writer, and this book went by very quickly.
    • 4/5
      Clear and thorough. I wish everyone would read this, especially if they ever vote or make choices.
    • 1/5
      Propaganda.
      A party political broadcast on behalf of the 'haves'.
      Unbalanced and unsubstantiated.
    • 5/5
      This is one of the better books on economics that I have ever read. Being in the economics field, I have bogged myself down in equations, econometric modeling etc. But this book is for the layman and might be titled "Economics for the Layman" or "Common Sense Economics. his explanations and examples are from every day situations explained in simple language. I am trying to get my wife and daughter to read the book so they can understand the economics world the way that I do. I can't recommend this book more highly.
    • 5/5
      Sowell excels at writing so that all the theories and issues are easily understood. He uses real life examples to illustrate almost everything. Never having studied economics at all, I learned a great deal, often changing my views on one issue or another.