![]() ![]() ![]() “Much of what follows in the chapters ahead,” writes Sowell in his Preface, “is an analysis of what happens in an economy coordinated by prices and by the resulting flows of money and goods in a competitive market. In addition, Sowell devotes an entire section of the book to the “Popular Economic Fallacies” that pass for fact and wisdom in the media, in academia, and in the halls of Congress. The Role of Prices * Price Controls * The Rise and Fall of Businesses * The Role of Profits - and Losses * Big Business and Government * Productivity and Pay * Controlled Labor Markets * Investment and Speculation * Risks and Insurance * National Output * Money and the Banking System * The Role of Government * International Trade * International Transfers of Wealth Yet this is no mere “primer,” but a comprehensive survey, offering clear, readable explanations of every important topic in the field - including: Like Hazlitt, Sowell is that rare economist who uses plain English, and examples that everyone can relate to, to Basic Economics contains no jargon, no graphs, and no equations. ![]() ![]() But it is economics that has always been his specialty - and it is to economics that he returns in a book that, in our judgment, ranks as the finest single-volume treatment of the subject since Henry Hazlitt’s “Economics in One Lesson.” As a bestselling author and syndicated conservative columnist, Thomas Sowell has written, brilliantly, on a wide range of political, social and cultural issues. ![]()
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