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Title: Basic Economics: A Citizen's Guide to the Economy by Thomas Sowell ISBN: 0-465-08138-X Publisher: Basic Books Pub. Date: 26 December, 2000 Format: Hardcover Volumes: 1 List Price(USD): $32.50 |
Average Customer Rating: 4.71 (65 reviews)
Rating: 5
Summary: Scarce resources that have alternative uses
Comment: Sowell defines economics as, "The allocation of scarce resources that have alternative uses."
He approaches this book from that standpoint, arguing that, what is given to one group must be taken from another group.
Simple.
Within this context, he addresses how politicians and the like put forth economic "solutions" by using emotionally appealing rhetoric such as, "affordable housing," "living wages," "more jobs," as if these enviable goals are attainable simply by establishing price caps and minimum wages. He argues, quite persuasively, that these proposed "solutions" are really just "trade-offs," and that they have historically done more damage than good because they ignore the simple fact that, to give to some you must take from others.
The entire book is devoted to this very basic fact. Division of labor, monetary systems, purchasing power, etc. are all addressed within this context.
The book is easy to understand, surprisingly fun, and extremely enlightening. It reads like a history of economics and dictionary of economic terms at the same time.
I left this book with answers and with new questions.
Highly recommended.
Rating: 5
Summary: A very good primer
Comment: This book was actually required reading for a course I took at George Mason University. The book is a fascinating look and introduction to the "dismall science". While this book was required reading for the course i took in college, it should have been required reading in the basic econ classes. Unfortunately, most college students graduate without even a base knowledge of economics. This book should be required reading for all. THe Law, by Frederic Bastiat should be required with this book.
Rating: 5
Summary: It's About Time
Comment: It's about time someone wrote a direct, readable and enjoyable explanation of basic economics. This should be required reading in every high school. It will be for my boys.
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Title: Applied Economics: Thinking Beyond Stage One by Thomas Sowell ISBN: 0465081436 Publisher: Basic Books Pub. Date: 11 November, 2003 List Price(USD): $30.00 |
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Title: Barbarians Inside the Gates: And Other Controversial Essays (Hoover Institution Press Publication, No. 450) by Thomas Sowell ISBN: 081799582X Publisher: Hoover Inst Pr Pub. Date: February, 1999 List Price(USD): $17.09 |
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Title: Economics in One Lesson by Henry Hazlitt ISBN: 0517548232 Publisher: Three Rivers Press Pub. Date: 14 December, 1988 List Price(USD): $11.00 |
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Title: Free to Choose: A Personal Statement by Milton Friedman, Rose D. Friedman ISBN: 0156334607 Publisher: Harvest Books Pub. Date: November, 1990 List Price(USD): $15.00 |
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Title: A Conflict of Visions: Ideological Origins of Political Struggles by Thomas Sowell ISBN: 0465081428 Publisher: Basic Books Pub. Date: 19 February, 2002 List Price(USD): $18.95 |
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