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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

Critic Reviews

"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 Ratings

Overall

  • 4.3 out of 5.0
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Story

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  • Overall
  • Performance
  • Story

Very Good Book. It Is Economics Though.

Good economics book in terms you can understand. The only thing I didn't care for was there seemed to be some background noise at all times. Worth the listen if you're into it.

  • Overall
  • Performance
  • Story

very good

Narrator was very good. Book was very wide in its scope. I particularly liked the authors use of examples throughout the book. If you want a basic econ primer, this one doesnt put you to sleep.

  • Overall
  • Performance
  • Story
  • Matt O
  • Arlington, VA USA
  • 12-16-11

Interesting and Enlightening, if not Impartial

I read some of the Audible listener reviews before listening to this title and I have to agree with the sentiment that the author has a conservative agenda behind his statements. There are a couple of direct attacks against liberal bastions like the Washington Post and the scorn for any kind of government-sponsored social welfare is rife within the book, but it's overwhelmed by scorn about government intervention in general. The book is packed full of the cold, black and white thinking I've come to expect from economist writers. The author isn't interested in exploring the potential merits of any side other than the one he's taken. Everything is presented as fact and it's up to the reader to question legitimacy. Much of what is presented, however, makes perfect sense and it's tempting to take the author at his word.

  • Overall
  • Gary
  • glendale, CA, United States
  • 08-07-11

more basics

i would hope it would provide more basic facts ,but over all it was good

  • Overall

Excellent economics for citizens

Very good explanation of economic principles for common people in a very approachable and engaging language. Contributes to close the huge knowledge gap that plagues our society in a topic so important for our everyday life. Would be interesting to know if people with absolutely no economic/business background find the book intelligible.
The author seems more of "laissez-faire" in ideology but maintains a more or less even keel throughout the book. Although Europeans and "big government" Americans might find some of the principles taken a bit further than the evidence seems to warrant, it is very thought provoking in many other points challenging existing orthodoxy and making it a wholly interesting read for anyone

1 of 2 people found this review helpful

  • Overall

Economics is important!

It is amazing how many people discuss economics without a clear understanding of cause and effect. I admit, I had several misconcieved notions myself! Thomas Sowell does a wonderful job of explaining just how economics work, from pricing, supply, demand, etc. Sowell does this in an easy-to-understand method, and gives plenty of examples to prove his point.
I highly recommend this book, and am looking forward to listening to his advanced economics book!

1 of 2 people found this review helpful

  • Overall

Solid

This is a solid work; thank you Thomas Sowell for helping me to understand the gap between intent and result concerning, "the best use of scarce resources with alternative uses."

1 of 2 people found this review helpful

  • Overall

could have been shorter

Though the things the book discusses are interesting, I feel the contents of the book could have been covered in 1/3 of the time. The authors keeps saying the same thing in several different ways... Probably an abridged version might have been better... but I still dont regret listening to it as it made the fundamentals of economics -- atleast the free market economics clear.

1 of 2 people found this review helpful

  • Overall

Not exactly about economics

I had actually hoped for a basic introduction to economics, instead this book focuses much more on the influence of politics on economics. Although this is important it wasn't what I hoped to get from THIS book.

Moreover, although the book is nearly 20 hours in length Sowell provides very little actual substance in economic theory. More often, he'll briefly introduce a theory and then follow up with multiple repetitive examples demonstrating that theory instead of simply further explaining it himself.

Finally nearly every theory seems to eventually come down to capitalism's superiority over socialism. Although, I happen to agree with him in general, I wasn't planning on spending 20 hours having drilled it into my head.

In short this book is much more about politics and Mr. Sowell's personal views then it is about economics.

14 of 31 people found this review helpful

  • Overall
  • JP
  • 01-05-10

Econ 101 worthy of a President

Set aside Samuelson, Friedman, Hayek, Keynes, Smith, and read this book! Sowell combines the best of all these experts, explaining economics in clear prose, using appropriate historical examples, and his profound knowledge in the field. The book is so good, I recommended President Obama and his staff read it to understand how appropriate economic theory and lessons in historical fact, properly applied, can change the world and make it a better place. Perhaps some in Congress might eventually read it too -- but I'm not holding my breath...

2 of 5 people found this review helpful