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Basic Economics: A Citizen's Guide to the Economy | [Thomas Sowell]

Basic Economics: A Citizen's Guide to the Economy

Basic Economics has been written with the thought that learning economics should be not only a relaxed experience but also an enjoyable one.
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Publisher's Summary

Basic Economics has been written with the thought that learning economics should be not only a relaxed experience but also an enjoyable one.

This is the revised and expanded edition of a new kind of introduction to economics for the general public, without graphs, statistics, or jargon. However, the enlargement of this edition is not just more of the same. In addition to being updated, Basic Economics has also become more international, with the inclusion of economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. Each chapter reflects the experiences of many different peoples and cultures.

©2004 Thomas Sowell; (P)2006 Blackstone Audiobooks

What the Critics Say

"Clear and concise....Among economists of the past 30 years, [Sowell] stands very proud indeed." (The Wall Street Journal)
"Basic Economics is not only valuable for a general lay-person audience, it would also benefit lawyers, politicians, and, yes, economists, as well." (Washington Times)

What Members Say

Average Customer Rating

4.2 (500 )
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4.1 (140 )
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  •  
    Joshua Sacramento, CA, USA 09-27-07
    Joshua Sacramento, CA, USA 09-27-07 Member Since 2004
    HELPFUL VOTES
    80
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    "Naive and Fact-Free"

    I agree that this is a well-written (and well-recited) book, and worth listening to. But rather than being fact-based, it is an ideological whitewash that attempts to provide moral justification for the gross inequities of unbridled capitalism. It is chock full of "historical" anecdotes to back up the author's ideology. Anyone with an education knows the value, and lack thereof, of anecdotes in the social sciences. If you think that anarchy is better than government, and you are a millionaire, this book is for you. But if you rely on public services for any part of your day (roads, fire, police, school, safe air food and water, etc) then you will find this book shockingly naive. It's no wonder the author is employed by a conservative ideological "think tank". There is no such thing as objective economic theory. Read this book, but then find a more liberal economics text to balance your thinking, otherwise you'll be deluded into parroting the neo-cons.

    49 of 141 people found this review helpful
  •  
    Chi-Hung Riverside, CA, USA 07-07-10
    Chi-Hung Riverside, CA, USA 07-07-10 Member Since 2007
    HELPFUL VOTES
    563
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    "Polemnically sounds though unconvincing..."

    This is a classic, unadulterated economics for high school students and freshman and sophomore year undergraduates, it ceased to be convincing once it is read by anyone with advanced degree. It ignores the question of power, culture and technological advantages and differences some countries have over others and how those can be exploited for gain, still it is worth reading and thought provoking book.

    3 of 10 people found this review helpful
  •  
    Jana 10-27-08
    Jana 10-27-08 Member Since 2007
    HELPFUL VOTES
    129
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    "Biased and not worth my time"

    Very basic and extremely free market. I was looking for a non partisan book that would educate me on fundemental economics in an unbiased manner - this was not it.

    13 of 45 people found this review helpful
  •  
    Fredster 11-22-08
    Fredster 11-22-08

    fredster34231

    HELPFUL VOTES
    9
    ratings
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    "yup agree biased towards free market"

    The free market bias was bearable for a while for some insights. But the book utterly failed by the time it talked about the California Power Crisis. There you realize that this book does not explain the whole truth, and for that it becomes troublesome. Did you just end up buying a book to get brainwashed?

    9 of 33 people found this review helpful
  •  
    Di United States 11-06-10
    Di United States 11-06-10 Listener Since 2010
    HELPFUL VOTES
    18
    ratings
    REVIEWS
    61
    6
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    "Notice, New edition is coming"

    Absolutely, The is a great book. Great Thomas Sowell, and very good Narrator.

    BUT Notice, New edition is coming.

    0 of 2 people found this review helpful
  •  
    Niels Kibbutz netzer sereniIsrael 01-18-09
    Niels Kibbutz netzer sereniIsrael 01-18-09
    HELPFUL VOTES
    6
    ratings
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    18
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    "Basic Free Market brainwash"

    He just goes on and on about the free market
    But between the lines you can get some usefull information out of it.

    6 of 26 people found this review helpful
  •  
    Robert barboursville, VA, United States 08-21-10
    Robert barboursville, VA, United States 08-21-10 Member Since 2006
    HELPFUL VOTES
    3
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    "Excellent, phenomenal, great, fabulous!"

    Now, why did I say that? Awesome book to explain economy and economics to folks from various walks of life. Great examples of Centralised economy and its impact on allocation of resources and economic outcomes. The best (so far) book explaining complex economic theories with simple terms and multiple examples. If anyone believes that the Government can effectively manage our economy and create the most efficient distribution of our resources and prevent scarcity this book is a must to listen to! Don't thank me, thank Thomas Sowell! Mr. Thomas Sowell you are my HERO! I can't wait to listen to all his books. Ayn Raynd would be impressed. A must read!

    0 of 3 people found this review helpful
  •  
    Mohammed Lincoln, NE, USA 01-18-10
    Mohammed Lincoln, NE, USA 01-18-10 Member Since 2008
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    "a must"

    this is one of the most important book for yourlife. it is a must for anybody anywhere and anytime and anyage.

    0 of 3 people found this review helpful
  •  
    ellen 01-11-09
    ellen 01-11-09
    HELPFUL VOTES
    75
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    3
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    Overall
    "beyond the band of brothers"

    a wonderful and educational look at the group of men that winters was with in WWII. I went and bought the PBS series to watch again. A great read and great narrator. highly recommend this. will do Ambrose's book again now.

    0 of 19 people found this review helpful
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