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List Price: $39.95Amazon.com's Price: $25.97 You Save: $13.98 (35%)as of 07/30/2010 06:53 EDT
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Binding: Hardcover
Dewey Decimal Number: 330
EAN: 9780465002603
Edition: Third Edition
ISBN: 0465002609
Label: Basic Books
Manufacturer: Basic Books
Number Of Items: 1
Number Of Pages: 640
Publication Date: April 03, 2007
Publisher: Basic Books
Studio: Basic Books
Features:- ISBN13: 9780465002603
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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Editorial Review:
Product Description:
This completely revised and updated third edition of Thomas Sowell's instrumental work includes a new chapter on government finance. Basic Economics is a citizen's guide to economics--for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy--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.
Average Rating: 
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Except for gummy stickers in several places on these books, they were in excellent condition (5 stars without the tags). For a good quality hard bound book, the price was very good.
Rating:  -
It's easy to draw inspiration from the book, Basic Economics by Thomas Sowell. The most striking thing about this book is that it is written in plain English - no small thing for an economics text. Sowell does it the old-fashioned way, using analogies and word pictures to explain complex concepts in simple fashion. No pie graphs or multicolor charts, no heavy reliance on statistics or data points. Just good old logic and reasoning.
Not that there is anything wrong with numbers, graphics ... Read More
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Just as advertised, economics explained in simple terms and logical analysis with examples and historical references. A great read. He compares classic models, modern variants and their results and social consequences.
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This book will make your brain hurt. But mostly because it makes your rethink everything you have ever thought you knew about economics. Sowell starts with the definition that economics is the study of what happens when you "allocate scarce resources which have alternate uses." From there he goes on to demonstrate the complex ways in which this seemingly simple statement can be applied.
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I have always enjoyed reading Thomas Sowell. He has the ability to make the difficult seem easy. Of course, as he points out in Basic Economics, the concepts may seem easy, but they are being misapplied all around us. How hard is it to understand that high prices attract resources? Yet, many states have laws against selling anything at a higher price during an emergency. They don't want people price gouged. But wait a minute, if the prices went up the higher prices would attract resources to the ... Read More
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