Basic Economics: A Common Sense Guide to the Economy (5th Ed.)

Basic Economics: A Common Sense Guide to the Economy (Fifth Edition) by Thomas Sowell (2021 Hardcover with Dust Jacket) "Basic Economics" is a citizen's guide to economics - for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy - capitalist, socialist, feudal and so on. In readable language, he shows how to 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 a great first book for everyone who wishes to understand how the economy functions. This is the completely revised and updated fifth edition (2015) of Thomas Sowell's readable work which especially includes a newly ADDED Chapter on International Wealth Disparities (pp527-566) to analyze the reason for large differences of income and wealth between nations. ix + 689pp. Thomas Sowell is an American economist and social theorist. Since 1980, he has worked at the Hoover Institution at Stanford University. He writes from a libertarian conservative perspective. He is a National Humanities Medal recipient for innovative scholarship which incorporated history, economics and political science. Hardcovers have black paper boards, separate spine with silver lettering on spine in a Fine (As New) Dust Jackets. Books privately owned without ownership markings. Interiors are tight, clean, and unmarked. Copyright 2015. Printed in U.S.A. Stated fifth edition. Stated these copies are from 15th printing in 2021. ISBN: 978-0-465-06073-3. No LCCN. MSR = US $45.00. Thanks for Looking.…