Front cover image for Basic economics : a citizen's guide to the economy

Basic economics : a citizen's guide to the economy

Here at last is a citizen's guide to economics -- a book for those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. Thomas Sowell reveals the general principles behind any kind of economy -- capitalist, socialist, feudal, or otherwise. In readable language, he helps the reader critique economic policies in terms of the incentives they create rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy really functions.
Print Book, English, ©2000
Basic Books, New York, ©2000