Normal view MARC view ISBD view

Sowell, Thomas, 1930-

Basic economics : a citizen's guide to the economy / Thomas Sowell. - Rev. and expanded ed. - New York : Basic Books, c2004. - x, 438 p. ; 25 cm.

Includes bibliographical references (p. 407-432) and index.

What is economics? -- pt. I. Prices and markets. The role of prices ; Price controls ; An overview --pt. II. Industry and commerce. The rise and fall of business ; The role of profits-- and losses ; Big business and government ; An overview -- pt. III. Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- pt. IV. Time and risk. Investment and speculation ; Risks and insurance ; An overview -- pt. V. The national economy. National output ; Money and the banking system ; The role of government ; An overview -- pt. VI. The international economy. International trade ; International transfers of wealth ; An overview-- pt. VII. Special economic issues. "Non-economic" values ; Myths about markets ; Parting thoughts.

Outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates.

ISBN: 0465081452 (alk. paper) 9780465081455 (alk. paper)

LCCN: 2003013778

Nat. Bib. No.: GBA4Z6360 bnb

Nat. Bib. Agency Control No.: 006949248 Uk

Subjects--Topical Terms:
Economics.

LC Class. No.: HB171 / .S713 2004

Dewey Class. No.: 330