In this fifth edition of his classic work “Basic Economics : A Common Sense Guide to the Economy”, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives.
Sowell begins by explaining the basic concepts of economics, such as supply and demand, opportunity cost, and market equilibrium. He then goes on to discuss a wide range of economic topics, including:
- The role of government in the economy
- The causes of inflation and unemployment
- The benefits of free trade
- The importance of property rights
Sowell’s approach to economics is clear, concise, and easy to understand. He avoids jargon and complex mathematical formulas, and he focuses on the underlying principles that drive economic behavior.
Basic Economics is a valuable resource for anyone who wants to understand the economic forces that shape our world. It is a must-read for anyone who wants to make informed decisions about their own economic well-being.
Here are some additional details about the audiobook:
- Author: Thomas Sowell
- Narrator: Tom Weiner
- Length: 23 hours and 47 minutes
- Publisher: Blackstone Audio, Inc.
- Release date: December 2, 2014