Whistle Stopper - Basic Economics 3rd Ed: A Common Sense Guide to the Economy

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Manufacturer: Basic Books

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Binding: Hardcover
Dewey Decimal Number: 330
EAN: 9780465002603
ISBN: 0465002609
Label: Basic Books
Manufacturer: Basic Books
Number Of Items: 1
Number Of Pages: 640
Publication Date: 2007-04-02
Publisher: Basic Books
Studio: Basic Books

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Summary: Econ 101
Comment: If you only ever read one book on Economics make it this one. It reads more like a story than a text and is packed with common sense cause and effects with many interesting examples. You will gain insite how human behavior patterns are generally in their own best intersts. Business, Media, and Political actions in everyday life do make sense and not evil conspiracies. It will help you understand how BOTH risk and reward (failure and success)are essential. This is one of the best books I've ever read.

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Summary: For those who want to know how the world works!
Comment: I highly recommend this book to anyone who has an inkling of curiosity about how society functions and want more information to construct well-informed opinions on current issues. Sowell's fascinating examples help illustrate his points and frequently turn popular thought on its head. He manages to turn something as potentially complex and dry as economics and make a fun, well-written, book that everyone can understand.

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Summary: Great introduction to economics...
Comment: I have read Thomas Sowell's columns for a number of years, and appreciate his fact based, common sense critique of current events. Basic Economics was my first Sowell book. It was extremely easy to read, and covered each topic with enough depth to impart a basic understanding of economic principles.

The book's outline lends itself to people who are discovering economics for the first time. Each broad subject is divided into several chapters, the last being a summary to tie it all together. Dr. Sowell uses various examples culled from sources around the world and throughout history to illustrate cause and effect relationships for a number of economic policies.

This book should be suggested reading for anyone high school age or older who is looking for a solid introduction to economics.

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Summary: Basic Economics: An uncommonsense review
Comment: The author has a very engaging way to say that economics is really an intelligent decision making process with the underlying assumption resources are scarce and have alternative competing use. And he somewhat purposely suppresses the role of man-made money/currency and banking/finance into the economic decision making equation and examples. If resources (natural and man-made) are really scarce, how come man-made fiat currency has no limit and produced abundantly as debt-based usurious (coumpound interest bearing) commercial bank credit?

How the western colonial institution of centralized fractional-reserve based banking and monetarization of economies and global central banks like world bank figure into the mayriad ills of globalization we see around the world today? How wealth accumulated and concentrated in few hands and why the symptoms of delusional economics and finance creating currency war and famine simultaneously? Search for Deep conscious capitalism and may be you will have another deep view of economics.

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Summary: Economical basics of economics
Comment: This was my first read of Thomas Sowell and it was not at all disappointing. This book is exactly what it is titled, the basics of economics. I would highly recommend this for people who are not economists or in related professions for understanding what economics is about. We all have our own narrow view of economics based on what affects us monetarily but its much more than that. This book explains theories and actual economic events lucidly. I would not say that this book provides solutions to economic issues but rather enhances the cause and affect of decisions and the trade-offs. If the author had presented solutions which were able to satisfy political, social and economical issues with a common thread running through them I would give this book 5 stars.

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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 the first book for anyone who wishes to understand how the economy functions.