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Basic Economics: A Common Sense Guide to the Economy (2001)

Tekijä: Thomas Sowell

JäseniäKirja-arvostelujaSuosituimmuussijaKeskimääräinen arvioMaininnat
1,957278,453 (4.18)22
The bestselling citizen's guide to economics. Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.… (lisätietoja)
  1. 20
    Applied Economics (tekijä: Thomas Sowell) (Anonyymi käyttäjä)
  2. 10
    Economism: Bad Economics and the Rise of Inequality (tekijä: James Kwak) (themulhern)
    themulhern: An early chapter of "Economism" is a masterly exposition of economists' ideas of supply and demand curves. The first chapter of "Basic Economics" uses supply and demand curves,without ever mentioning them. Without "Economism"'s explanation I would not have been able to construct a sensible understanding of Sowell's dairy products example. With it, it all made sense. Funny thing is that I think the authors of these two books are in vehement disagreement about economics itself; but they both happen to be excellent writeres.… (lisätietoja)
  3. 10
    Talous yhdeltä istumalta (tekijä: Henry Hazlitt) (JacoboBaggins)
    JacoboBaggins: Compact but deeply insightful. Somewhat abstract and almost axiomatic but in a good way.
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Näyttää 1-5 (yhteensä 27) (seuraava | näytä kaikki)
I set this book aside partway through but recently picked it back up again, and I’m glad I did.

In general, to my otherwise uninformed perspective, Sowell’s work is indeed a good introduction to economics. He’s clearly biased of course (hence my 1-star deduction), but he gives overall convincing arguments for that bias. That said, it’s clear to me that I’m getting only one side of a picture and somewhat of a caricature of anything other than free-market economic ideas.

This book gives a good sense at least of the questions at stake in economics, the standard capitalist answer, and a thorough reminder that the actual world of economics goes far beyond single-word descriptors or thirty-second sound bites.

Would I recommend this book as a great end point for a study of economics? No. But it does seem to be a good start. It is, at least, for me. ( )
  Synopsis2486 | May 15, 2023 |
united states
  MEHAKQASIM | Sep 12, 2022 |
Lesson #1 of reading: Never ask a bookworm tax guy what book you should read about investing and the economy. He will recommend long ones. Like this one.

Sowell is almost maddeningly neutral. Not really pushing any sort of agenda, just research and history.That being said, it was good, and fascinatingly so, once I started. I'm pretty sure that he doesn't leave a question unanswered-- even about stuff you don't think is related to economy (like charity and giving). I would interrupt my reading multiple times to turn to my husband and say: "Did you know...?"

And he would smile nicely, like he always does, and say "wow" or "really?" or other some such appropriate remark for the husband of a bibliophile. ( )
  OutOfTheBestBooks | Sep 24, 2021 |
A dense book. The author made a choice to leave out the charts and graphs; I had to fill them in mentally or I could not follow his arguments. An excellent writer, pithy and smart.
  themulhern | Apr 30, 2021 |
While this book has a wealth of information about economics and helped me understand some of the reasoning behind various economic activities going on in our world, I have 2 huge problems with this book that prevent me from recommending it to other people:

1. It is very biased and takes on the capitalist agenda completely, never missing a single opportunity to comment on the futility and ineffectiveness of socialist economies and the MAGICAL powers of capitalist economies to regulate itself and be efficient. I did not appreciate this one-minded approach.

2. It is very repetitive. It explains a concept or an idea followed by an example followed by a re-explanation followed by another example then another re-explanation and so on. Every chapter in the book more ore less follows that formula. I know this is used to hammer the point, but this is just a bit too much hammering. ( )
  AmrAlSayed0 | May 27, 2020 |
Näyttää 1-5 (yhteensä 27) (seuraava | näytä kaikki)
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Sinun täytyy kirjautua sisään voidaksesi muokata Yhteistä tietoa
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Preface: This is an introduction to economics for the general public. The growing sophistication of professional economists has not been accompanied by any greater spread of knowledge about basic economic principles among the population at large.
Text: To know what economics is, we must first know what an economy is.
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The bestselling citizen's guide to economics. Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: 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. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

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