Basic Economics 3rd Ed: A Common Sense Guide to the Economy

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Basic Economics 3rd Ed: A Common Sense Guide to the Economy
by Thomas Sowell
from Basic Books

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• Free Market Ideological Rant
  This extremely long "concise intro to economics" can be summarized in one sentence: Free market prices are good everything else is bad.
  While I believe in free market prices for many markets, Sowell gives no distinction as to the type of market. For example, curing cancer, police, judges, fire departments, bookstores, candy shops are all the same and free market prices are the most efficient means of distributing these resources. Basically all economics is: all governments and economists do nothing and... more info

• Thorough, informative, educational, engaging. Great book.
  If I ever meet Dr. Sowell I will shake his hand for writing this book. It's jam-packed with logic, reason, and numerous compelling -- IMHO irrefutable -- arguments for the importance of EVERYONE (that's right -- everyone) to understand economic theory. And like another reviewer wrote, this should be required reading for all politicians. Liberals would greatly benefit from this book too -- I doubt they'd be liberals much longer if they actually understood it. Basic Economics is a classic must-read. If it's... more info

• Should be required reading
  Dr. Sowell's "Basic Economics" should be required reading for anyone graduating from college in any field or running for public office at any level. If you can't pass a test based on reading the book, no degree or no spot on the ballot. Not likely to happen, I know, but we'd all have a higher standard of living if it did. Had I the finances, I'd give a copy to every member of Congress and the state legislatures, and every governor and federal or state educational policy maker,not to mention Sens. Obama and... more info

• Basic Economics
  As usual Thomas Sowell has written a book "Basic Economics" that can provide a vital assist in understanding economics by the average American without the need for an extensive background in the complicated subject.
  Fundamental understanding of the basics of economics by Americans is essential to the understanding of the use of our limited resources by making choices in using those resources. Thomas Sowell provides the essential knowledge of the subject matter through this 3rd edition that will... more info

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