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Basic Economics A Citizen's Guide to the Economy

ISBN-10: 0465081452
ISBN-13: 9780465081455
Edition: 2004 (Revised)
Authors: Thomas Sowell
List price: $35.00
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Description: This citizen's guide to economics is aimed at those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. In accessible language, Sowell reveals the general principles behind any kind of  More...

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Book details

List price: $35.00
Copyright year: 2004
Publisher: Basic Books
Publication date: 12/24/2003
Binding: Hardcover
Pages: 448
Size: 6.50" wide x 9.50" long x 1.25" tall
Weight: 1.892
Language: English

This citizen's guide to economics is aimed at those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. In accessible language, Sowell reveals the general principles behind any kind of economy - capitalist, socialist, or feudal.

Thomas Sowellhas taught economics at Cornell, UCLA, Amherst, and other academic institutions, and hisBasic Economicshas been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published in both academic journals and in such popular media as theWall Street Journal,Forbesmagazine, andFortune, and he writes a syndicated column that appears in newspapers across the country.

Preface
Acknowledgements
What Is Economics?
Prices
The Role of Prices
Price Controls
An Overview
Industry and Commerce
The Rise and Fall of Business
The Role of Profits--and Losses
Big Business and Government
An Overview
Work and Pay
Productivity and Pay
Controlled Labor Markets
An Overview
Time and Risk
Investment and Speculation
Risks and Insurance
An Overview
The National Economy
National Output
Money and the Banking System
The Role of Government
An Overview
The International Economy
International Trade
International Transfers of Wealth
An Overview
Popular Economic Fallacies
"Non-Economic" Values
Prices and Purchasing Power
Business and Labor
An Overview
Sources
Index

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