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Basic economics : a common sense guide to the economy / Thomas Sowell.

By: Sowell, Thomas, 1930-.
Material type: TextTextPublisher: New York : Basic Books, c2011Edition: 4th ed.General Notes: Includes bibliographical references and index.Description: ix, 689 p. ; 25 cm.ISBN: 9780465022526; 0465022529.Other title: Economics | Common sense guide to the economy.Subject(s): Economics | United States -- Economic conditionsOnline resources: Table of contents
Contents:
What is economics? -- Part I: Prices and markets. The role of prices ; Price controls ; An overview -- Part II: Industry and commerce. The rise and fall of businesses ; The role of profits - and losses ; Big business and government ; An overview -- Part III: Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- Part IV: Time and risk. Investment and speculation ; Risks and insurance ; An overview -- Part V: The national economy. National output ; Money and the banking system ; Government functions ; Government finance ; An overview -- Part VI: The international economy. International trade ; International transfers of wealth ; An overview -- Part VII: Special economic issues. Myths about markets ; "Non-economic" values ; The history of economics ; Parting thoughts.
Summary: Explains the principles of economics in plain jargon, answering questions like: Why are homeless people sleeping on NY sidewalks in the winter, when abandoned apartment buildings have four times as many dwelling units as there are homeless people in the city? Why did Russians need to import food to feed people in Moscow, when Russia has vast amounts of rich farmland within easy driving distance? Why did unemployment reach 25 percent and American corporations as a whole operate in the red for two years in a row during the Great Depression of the 1930s? Also looks at the history of economics.
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Item type Current library Collection Call number Status Date due Barcode
Two Weeks Davenport Library Circulating Collection Print-Circulating 330 So92 2011 (Browse shelf(Opens below)) Available 34284003134913

Includes bibliographical references and index.

What is economics? -- Part I: Prices and markets. The role of prices ; Price controls ; An overview -- Part II: Industry and commerce. The rise and fall of businesses ; The role of profits - and losses ; Big business and government ; An overview -- Part III: Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- Part IV: Time and risk. Investment and speculation ; Risks and insurance ; An overview -- Part V: The national economy. National output ; Money and the banking system ; Government functions ; Government finance ; An overview -- Part VI: The international economy. International trade ; International transfers of wealth ; An overview -- Part VII: Special economic issues. Myths about markets ; "Non-economic" values ; The history of economics ; Parting thoughts.

Explains the principles of economics in plain jargon, answering questions like: Why are homeless people sleeping on NY sidewalks in the winter, when abandoned apartment buildings have four times as many dwelling units as there are homeless people in the city? Why did Russians need to import food to feed people in Moscow, when Russia has vast amounts of rich farmland within easy driving distance? Why did unemployment reach 25 percent and American corporations as a whole operate in the red for two years in a row during the Great Depression of the 1930s? Also looks at the history of economics.

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