i didn't enjoy this book, but it does give an overview of basic economic concepts. unfortunately, despite its length the book did not teach me anything i didn't already know, and as the book goes on, it becomes increasingly focused on the evils of government intervention, and less so on explaining economic concepts. i could have done without the extensive libertarian diatribes. i'm a believer in free-market economics and the global economy, but the agenda was so clear and tone was often so biased and closed-minded that the experience was simply not fruitful for me. it's a shame because when sowell sticks to economics, he explains things quite effectively, but i'd have rather purchased a less partisan book.
Thoms Sowell's Basic Economics, Fourth Edition: A Common Sense Guide to the Economy was a greatly disappointing and annoying purchase for me. What I had hoped for was a clear and unbiased explanation of economic theory with some real world examples for clarification. What I got was a longwinded, one sided, and repetitious treatise on the superiority of unobstructed free market capitalism, using economic theory as its evidentiary platform.
There is a direct correlation between prices, supply and demand... Great! I get it. I do not wish to listen to an additional 45 minutes of questionable examples, of how minimum wage laws destroy jobs, or how rent control is the cause of homelessness in New York City. These aren't facts, they are conservative positions, demanding certain assumptions that may or may not be correct.
Nevertheless, I cannot deny that Sowell's Basic Economics is packed with information, and for this I give it two stars instead of one. Indeed if you find yourself aligned with its philosophy, you will no doubt enjoy your time with this audio book. If on the other hand you do not completely agree with the premise, or if you are one who likes to hear both sides, you may end up feeling like a participant in a brainwashing experiment, as you are inundated with endless examples of Sowell using economic theory as leverage in his argument for laissez-faire capitalism.
The author discusses the law of supply and demand and other basic economic laws. It is mildly interesting, but nothing out of the ordinary. The author is obviously a fierce capitalist, but really does not give other points of view a fair review.
His book is perfect to give context to larger economic issues. There are no charts or formulae, but more depth of information than I could take in for just one listen. I will be listening again.
This book explains the basics of economics in a clear and concise manner. The point of view is refreshing. It runs counter to much of the socialist bias in education and the media. Americans should be exposed to the intellectual basis for capitalism and freedom, in order to make better decisions, regarding how we are governed.
I have always felt there was a mathematical solution to every social and political problem we face Now I know there is.
I liked this book!
Great explanations !
Easy reading ! Thanks for this great book Thomas
Have not read it.
Every politician should read this
Tell any person with influence .
A grand tour of economic insight.
I read the 2nd edition, in printed form. This 4th edition is a worthy successor. I'm delighted that it's available on Audible, with a fine performance by the reader.