Basic Economics: A Common Sense Guide to the Economy, Fifth Edition

  • 23h 47m 29s
  • Thomas Sowell
  • Blackstone Audio, Inc. dba Blackstone Publishing
  • 2014

In this fifth edition of Basic Economics, 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. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

Basic Economics, which has now been translated into six languages and has additional material online, remains true to its core principle: that 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.

In this Audiobook

  • Chapter 1: What is Economics?
  • Chapter 2: The Role of Prices
  • Chapter 3: Price Controls
  • Chapter 4: An Overview of Prices
  • Chapter 5: The Rise and Fall of Businesses
  • Chapter 6: The Role of Profits–and Losses
  • Chapter 7: The Economics of Big Business
  • Chapter 8: Regulation and Anti-Trust Laws
  • Chapter 9: Market and Non-Market Economies
  • Chapter 10: Productivity and Pay
  • Chapter 11: Minimum Wage Laws
  • Chapter 12: Special Problems in Labour Markets
  • Chapter 13: Investment
  • Chapter 14: Stocks, Bonds and Insurance
  • Chapter 15: Special Problems of Time and Risk
  • Chapter 16: National Output
  • Chapter 17: Money and the Banking System
  • Chapter 18: Government Functions
  • Chapter 19: Government Finance
  • Chapter 20: Special Problems in the National Economy
  • Chapter 21: International Trade
  • Chapter 22: International Transfers of Wealth
  • Chapter 23: International Disparities in Wealth
  • Chapter 24: Myths About Markets
  • Chapter 25: “Non-Economic” Values
  • Chapter 26: The History of Economics
  • Chapter 27: Parting Thoughts