Sowell, Thomas, 1930-

Basic economics : a citizen's guide to the economy / Thomas Sowell. - Revised and expanded edition. - x, 438 pages ; 25 cm

Previous ed.: 2001.

Includes bibliographical references (pages 407-432) and index.

What is Economics? -- Prices and Markets -- The Role of Prices -- Price Controls -- An Overview -- Industry and Commerce -- The Rise and Fall of Businesses -- The Role of Profits - and Losses -- Big Business and Government -- An Overview -- Work and Pay -- Productivity and Pay -- Controlled Labor Markets -- An Overview -- Time and Risk -- Investment and Speculation -- Risks and Insurance -- An Overview -- The National Economy -- National Output -- Money and the Banking System -- The Role of Government -- An Overview -- The International Economy -- International Trade -- International Transfers of Wealth -- An Overview -- Special Economic Issues -- "Non-Economic" Values -- Myths About Markets -- Parting Thoughts. 1. Pt. I. 2. 3. 4. Pt. II. 5. 6. 7. 8. Pt. III. 9. 10. 11. Pt. IV. 12. 13. 14. Pt. V. 15. 16. 17. 18. Pt. VI. 19. 20. 21. Pt. VII. 22. 23. 24.

"In addition to being updated, Basic Economics has also become more international with the inclusion of economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. While most chapter titles remain the same, their contents have changed considerably, reflecting the experiences of many different peoples and cultures."--BOOK JACKET.

0465081452 9780465081455

2003013778


Economics.

HB171 / .S713 2004

330.973