Basic Economics

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

By: Thomas Sowell

Narrated by: Brian Emerson

Length: 18 hrs and 32 mins

Publisher's summary

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.

Complex topics made easy to understand

This book should be mandatory reading for every high school and college student Thomas Sowell has the unique ability to make dry and hard to understand subjects interesting and easy to understand and I. This is not only a lesson in economics it’s a book that teaches the reader how to think and evaluate actions and their results.

a book that explains the complicated to me

I enjoyed this 18 year old book. It's so relevant today. It helps explain many terms that are elusive to me. Thank you Dr. Sowell.

perfect book to start my research with.

interesting ,inciteful, and easily digestible. This book revieled to me, that I actually do enjoy leaning about economics. This book doesn't just drone on about costs and expenditures, or stocks and bonds. He gives prime examples of how and why our economy works the way it does, while also dispelling some falsehoods that are shouted by anti-capital activists.

Must read or listen

Get a logical and fact based understanding of basic economics. You won’t get this in school or in most media.

A mind opening consideration of Economics.

Fantastic book, one that gets one thinking in a different way about economics than is generally promoted by society today. Good narration, the only reason I held off on 5 stars is that on occasion, some very minor background noise could be heard, but wasn't overly distracting.

Sowell at his best

Dr. Thomas Sowell has written a long and thorough masterpiece explaining the core tenets of economics and gives a tour de force defense of the need for free market systems.

Complex but enlightening.

Excellent, concise, breakdown of economics as they affect us and how they affect us and the rest of the world.

Best book for understanding economics

Never, In all of my years of study, has economics been so thoroughly and clearly explained. Dr. soul speaks not down to you but directly feed your mind in a way that is so easily absorbed. There is no better way to fully understand the benefits of capitalism and a free market economy in to read this book

Great

clearly written and read without jargon or equations. some of it was unexpected, but I now have the basic concepts of a subject matter which totally new to me.

essential listing for every bit

a brilliant dissection of the most fundamental economic principles, used to dispell the epidemic political misconceptions of the modern era