Sowell, Thomas, 1930-

Basic economics : a common sense guide to the economy / Economics Common sense guide to the economy Thomas Sowell. - 3rd ed. - New York : Basic Books, c2007. - viii, 627 p. ; 25 cm.

Includes bibliographical references (p. 569-613) and index.

What is economics? -- pt. I. Prices and markets. The role of prices ; Price controls ; An overview -- pt. II. Industry and commerce. The rise and fall of businesses ; The role of profits -- and losses ; Big business and government ; An overview -- pt. III. Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- pt. IV. Time and risk. Investment and speculation ; Risks and insurance ; An overview -- pt. V. The national economy. National output ; Money and the banking system ; Government functions ; Government finance ; An overview -- pt. VI. The international economy. International trade ; International transfers of wealth ; An overview -- pt. VII. Special economic issues. Myths about markets ; "Non-economic" values ; Parting thoughts.

An accessible, jargon-free resource outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates.

9780465002603 (hardcover : alk paper) 0465002609 (hardcover : alk paper) 9780465022526 0465022529

2006039835

GBA724156 bnb

013704340 Uk


Economics.


United States--Economic conditions.

HB 171 / .S713 2007