With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.
In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on.
Ferrarini reflects on the recession and the progress that's been made since the crash it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.The bestselling citizen’s guide to economicsīasic Economics is a citizen’s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Now in its third edition, this fully updated classic from James D. Common Sense Economics discusses key points and theories, using them to show how any listener can make wiser personal choices and form more informed positions on policy. Principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk continue to be critically important to the way America's economy functions, and critically important to understand for those hoping to further their professional lives - even their personal lives. With the global economy recovering from a steep recession, and with that recovery challenging our long-held ideas about what careers and the market can be, learning the basics of economics has never been more essential.
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