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Basic Economics, Fourth Edition Audiobook

Basic Economics, Fourth Edition: A Common Sense Guide to the Economy

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Publisher's Summary

The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. Among other additions throughout the book, a new section on the special role of corporations in the economy has been added to the chapter on government and big business.

Basic Economics, which has now been translated into six foreign languages, has grown so much that a large amount of material previously found in the back of the book has now been put online instead so that neither the book itself nor its price will have to expand. The central idea of Basic Economics, however, remains the same: The fundamental facts and principles of economics do not require jargon, graphs, or equations and can be learned in a relaxed and even enjoyable way.

©2011 Thomas Sowell (P)2010 Blackstone Audio, Inc.

What the Critics Say

“Clear and concise…Among economists of the past 30 years, [Sowell] stands very proud indeed.” (Wall Street Journal)

What Members Say

Average Customer Rating

4.3 (744 )
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4.2 (568 )
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Performance
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  •  
    Watson B Carmel, California 09-11-12
    Watson B Carmel, California 09-11-12 Member Since 2010
    HELPFUL VOTES
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    "Mildly interesting"
    Was Basic Economics, Fourth Edition worth the listening time?

    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.


    9 of 16 people found this review helpful
  •  
    Robert Los Angeles, CA, United States 05-25-11
    Robert Los Angeles, CA, United States 05-25-11
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    "Overwritten and One-sided..."

    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.

    63 of 114 people found this review helpful
  •  
    Ottun Adeshina Raymond Helsinki, FInland 08-15-17
    Ottun Adeshina Raymond Helsinki, FInland 08-15-17 Member Since 2013

    Ray

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    "Recommended"

    Highly recommended for anyone interested in economics. No graphs or complicated grammar. Opinionated in some parts but still worth the read.

    0 of 0 people found this review helpful
  •  
    Max 06-18-17
    Max 06-18-17

    Strange Fiction, especially Horror

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    "A Conservative Approach"
    What disappointed you about Basic Economics, Fourth Edition?

    Bear in mind that I'm no economist. My library is mostly fiction and I was looking for a brief introduction into basic economics. It seemed to me like the author was coming from a stance of defending unregulated free market capitalism through the whole book. I'm not saying that he's wrong, but it seems to me like he's biased and not presenting a fair and balanced view of some of the more debatable points.


    Would you recommend Basic Economics, Fourth Edition to your friends? Why or why not?

    Probably not. The writing is somewhat bland and difficult to wade through and I don't feel like it presents a great introduction to economics.


    What do you think the narrator could have done better?

    The book seemed to run together. I feel like there could've been better differentiation from section to section, maybe longer pauses between chapters or after new vocabulary was introduced


    You didn’t love this book... but did it have any redeeming qualities?

    It's long and there's a lot of information inside. I think it just shouldn't be treated as a stand-alone book if you're looking for economic education.


    Any additional comments?

    Kinda turned me off of the subject.

    0 of 0 people found this review helpful
  •  
    Robert D Smith Jr. 12-07-16
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    "Five Stars"

    This is an excellent primer for anyone that needs to understand how the world works.

    0 of 0 people found this review helpful
  •  
    Sasha 03-18-16
    Sasha 03-18-16
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    "Great book. Complex and yet simple."

    Thomas Sowell has a great ability to take complex problems and break them down in an understandable way.

    0 of 0 people found this review helpful
  •  
    Rafael Bobadilla 02-26-16
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    "Great foundation"

    I think it's important to take this book with a grain of salt. There are definitely some subjective opinions. However, this is a great foundation on economic theory. I am a better citizen and business man for having "read" this book.

    0 of 0 people found this review helpful
  •  
    Alex 08-12-15
    Alex 08-12-15 Member Since 2017
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    "A must read for anyone in "the developed world""
    What did you love best about Basic Economics, Fourth Edition?

    The legitimacy of it and the fact everything is spelled out.


    What did you like best about this story?

    It is more a description than a story, but I just like how it explains "it all".


    What about Tom Weiner’s performance did you like?

    Not sure about that one....


    0 of 0 people found this review helpful
  •  
    Andrew 07-24-15
    Andrew 07-24-15
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    "Truly important book"

    If this book does nothing else it will impress upon you that economics is far more complicated than the slogans of politicians.

    0 of 0 people found this review helpful
  •  
    Shaun USA 04-27-15
    Shaun USA 04-27-15 Member Since 2012
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    "Great Economics Survey"

    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.

    0 of 0 people found this review helpful

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