Basic Economics : a common sense guide to the economy /

In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on common sense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around th...

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Bibliographic Details
Main Author: Sowell, Thomas, 1930- (Author)
Format: Electronic eBook
Language:English
Published: New York : Basic Books, ©2015.
Edition:5th ed.
Subjects:
Online Access: Full text (Emmanuel users only)
Table of Contents:
  • Part 1: Prices and markets. The role of prices ; Price controls ; An overview of prices
  • Part 2: Industry and commerce. The rise and fall of businesses ; The role of profits
  • and losses ; The economics of big business ; Regulation and anti-trust laws ; Market and non-market economies
  • Part 3: Work and pay. Productivity and pay ; Minimum wage laws ; Special problems in labor markets
  • Part 4: Time and risk. Investment. ; Stocks, bonds and insurance ; Special problems of time and risk
  • Part 5: The national economy. National output ; Money and the banking system ; Government functions ; Government finance ; Special problems in the national economy
  • Part 6: The international economy. International trade ; International transfers of wealth ; International disparities in wealth
  • Part 7: Special economic issues. Myths about markets ; "Non-economic" values ; The history of economics ; Parting thoughts.