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Basic Economics

A Citizen's Guide to the Economy: Revised and Expanded Edition

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About this listen

Thomas Sowell has a different idea about how economics should be taught. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Learning economics, he believes, should be relaxing - and even enjoyable.

Sowell reveals the general principles behind any kind of economy - capitalist, socialist, feudal, and so on. In understandable 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 audiobook for anyone who wishes to understand how the economy functions.

In this edition, Basic Economics has been revised and expanded to address the new concerns of the 21st century. It's focus has become more international, including the range of economic problems faced by foreign countries around the world. Each chapter reflects the experiences of many different peoples and cultures. In his straightforward style, Sowell demonstrates that the basic principles of economics are not confined by national borders.

©2000 Thomas Sowell (P)2019 Blackstone Audio, Inc. Economics
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Thomas Sowell has a gift , he can communicate his field of expertise using factual examples without idealogy, this is a great book.

a dispassionate explanation of money of wealth

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Very clear and comprehensive overview of the major themes and concepts in free market economics. If you're new to the subject, this is a great gateway book.

Clear, accessible economics guide

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I recommend this book to everybody. Thomas Sowell masterfully explains ideas and matters that might initially seem too complicated for an average person to take interest in.

Comprehensive introduction to economics... and life

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Many photographers are, and we lear about economics because cameras are so expensive.

God bless Tom

Tom is a genius.

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I'm left leaning, so was looking for a book that would articulate the counter-argument and it does an excellent job of that. It doesn't delve seriously into the more nuanced counter arguments of its position, due possibly to the American slant on "socialism" that few Europeans would recognise, but overall definitely worth a listen

Good summary of pro-market arguments

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