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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 (760 )
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4.3 (581 )
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Performance
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  •  
    R. King III Middleton, Idaho 09-24-12
    R. King III Middleton, Idaho 09-24-12
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    "Great course on economics for a layman"
    What did you love best about Basic Economics, Fourth Edition?

    I loved the current and historical examples that were used to flesh out points rather than just dry theorizing.


    What did you like best about this story?

    It helped me review basic economic concepts in an interesting and understandable way.


    Have you listened to any of Tom Weiner’s other performances before? How does this one compare?

    No I did like his voice


    Was this a book you wanted to listen to all in one sitting?

    No


    Any additional comments?

    Thomas Sowell is a brilliant thinker and very clear writer.

    0 of 0 people found this review helpful
  •  
    Farley West Salem, WI, United States 08-06-12
    Farley West Salem, WI, United States 08-06-12 Member Since 2011
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    "Great for basics!"
    If you could sum up Basic Economics, Fourth Edition in three words, what would they be?

    thorough, basic, thoughtful


    Would you be willing to try another book from Thomas Sowell? Why or why not?

    Yes, he did a great job of reading the text. Never once detracted from the content.


    Any additional comments?

    Because of the content being presented, it did not always keep my attention, but that is more the fault of the topic I chose to learn more about, not the content itself. For someone who knows very little about economics, I thought it was a great introduction and would recommend it to anyone looking for basics.

    0 of 0 people found this review helpful
  •  
    John Phoenix, AZ, United States 07-30-12
    John Phoenix, AZ, United States 07-30-12 Member Since 2016
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    7
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    "Very enlightening."
    If you could sum up Basic Economics, Fourth Edition in three words, what would they be?

    Masterfully crafted to make an academic subject interesting for 30+ hours of listening.


    What other book might you compare Basic Economics, Fourth Edition to and why?

    Listening to this book has been quite unique.


    0 of 0 people found this review helpful
  •  
    Sheila 07-24-12
    Sheila 07-24-12
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    3
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    "great education!This"
    Would you recommend this audiobook to a friend? If so, why?

    This is a basic textbook on economics, presenting complicated ideas in easy to understand and practical texts.


    Have you listened to any of Tom Weiner’s other performances before? How does this one compare?

    No


    0 of 0 people found this review helpful
  •  
    William Columbia, SC, United States 07-20-12
    William Columbia, SC, United States 07-20-12
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    "Incredibly good book - every American should read!"
    What did you love best about Basic Economics, Fourth Edition?

    This book was was complete and thorough with theoretical statements, backed up with relevant examples. Economics was explained in a very simple way, but the profound importance of the concepts really hit home.


    What was one of the most memorable moments of Basic Economics, Fourth Edition?

    Sowell repeated throughout the book that "Economics is the study of the use of scarce resources which have alternative uses." This is so foundational and yet so easy to forget. his calm and objective statement of facts without value judgements is refreshing in a time when most information is presented with spin and conclusions as to what you should think as a result.


    Was this a book you wanted to listen to all in one sitting?

    It was very interesting but since it was over 20 hours, it was impossible to listen all at once. I will probably go back and listen again in the future, and have recommended this book to 3 people within a week of listening.


    Any additional comments?

    This simple and common sense explanation of how economic principles work and how incentives impact what people decide to do should be required reading for all Americans. It brings clarity to the underlying principles and let's you decide for yourself how the information should be applied to society. Just the facts...

    0 of 0 people found this review helpful
  •  
    HGC Orlando USA 06-15-12
    HGC Orlando USA 06-15-12 Member Since 2016
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    "Fabulous Book"

    Extremely informative. Enjoyed listening to all 18 hours of so of it!! Highly recommend it for those who want to truly understand economics at its most fundamental level.

    1 of 2 people found this review helpful
  •  
    Matthew Bellingham, WA, United States 12-04-11
    Matthew Bellingham, WA, United States 12-04-11 Member Since 2017
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    "Excellent book"

    Who knew a book on economics would be so readable? I gave the book 5 stars because the material is so important. The reader is decent, but it's a book where it is a bit harder to judge the reader's talents...

    1 of 2 people found this review helpful
  •  
    Tim CARMEL, IN, United States 11-09-11
    Tim CARMEL, IN, United States 11-09-11 Member Since 2010
    HELPFUL VOTES
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    "Fantastic Economics Primer"

    This book should be read (or listened to) by every high school senior in the United States, and anyone older who has not yet been exposed to the clear sanity of Thomas Sowell. The country would immediately shift to a more conservative stance, and our reliance on government would be reduced.
    Very well written, and read by the narrator, a must buy for any serious follower of politics.

    3 of 6 people found this review helpful
  •  
    Jake 05-15-16
    Jake 05-15-16 Member Since 2017
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    "Politically Motivated"

    Author of this book is too politically biased to deliver objective lessons on basic economics.

    1 of 3 people found this review helpful
  •  
    Alyce Durham, NC, United States 08-15-15
    Alyce Durham, NC, United States 08-15-15
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    "Fraught with logical fallacies"
    Would you try another book from Thomas Sowell and/or Tom Weiner?

    There were a couple of interesting ideas in this book. Sadly, the majority were either non-sequiturs or theories since disproved by several decades of data.

    I couldn't wait to finish and move on to Robert Shiller's free Yale educational series on Youtube.


    What three words best describe Tom Weiner’s voice?

    Angry and disdainful.


    What character would you cut from Basic Economics, Fourth Edition?

    The author


    1 of 3 people found this review helpful

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