![]() ![]() Sowell reveals the general principles behind any kind of. 'Basic Economics' is a citizens guide to economics - for those who want to understand how the economy works, but have no interest in jargon or equations. Sowell also presents arguments about the social and economic consequences of minimum wages, and questions of income distribution, mobility, and poverty. This completely revised and updated third edition of Thomas Sowells instrumental work includes a new chapter of government finance. It includes discussions about the role of prices, incentives, competition, the consequences of price controls, costs as forgone alternatives, trade-offs and substitutes, taxes, and subsidies. The revised edition concludes with a new section, Special Economic Issues. The six main parts of the book cover Prices and Markets, Industry and Commerce, Work and Pay, Time and Risk, The National Economy, and The International Economy. Books by Thomas Sowell (Author of Basic Economics) Books by Thomas Sowell Thomas Sowell Average rating 4. Thomas halted his school education to join the US Marine Corps during the Korean war. He is among the most influential proponents of supply-side economics globally. ![]() ![]() This book is focused on how societies create prosperity or poverty for their people by the way they organize their economies. Thomas Sowell is an economist, author, intellectual, and political theorist from the United States. Basic Economics: Fifth Edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. ![]()
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