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