Publisher Description
The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. Among other additions throughout the book, a new section on the special role of corporations in the economy has been added to the chapter on government and big business.
Basic Economics, which has now been translated into six foreign languages, has grown so much that a large amount of material previously found in the back of the book has now been put online instead so that neither the book itself nor its price will have to expand. The central idea of Basic Economics, however, remains the same: The fundamental facts and principles of economics do not require jargon, graphs, or equations and can be learned in a relaxed and even enjoyable way.
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“Okay. I agree to disagree. This is a great book for folks who don’t like graphs. The author discusses economics by narrative. Much of the information appears anecdotal but the author provides information about sources for each of the chapters at the end. Economics is a system. It has no moral nor social axe to grind. Don’t blame the free market system, blame the people who operate within it and screw it up by not allowing it to be a free market. Libertarian in outlook and certain to raise the hackles on Republicans and Democrats alike. (I didn’t get upset until the second page!) This reader found himself uttering, “but, but, but”, numerous times. After zinging the reader with yet another fallacy or misuse about and of the system, the author is back to saying it is not the system’s fault. If only we lived in the vacuum.”
—
Bruce (4 out of 5 stars)
