Basic Economics: A Citizen’s Guide to the Economy.PDF
I would recommend this introduction to anyone who wants to learn the basics of economics in order to be a better informed citizen. It doesn’t use technical jargon, but outlines basic principles clearly and in plain language, without graphs or equations, using real life examples. Sowell is obviously annoyed by the general ignorance of economics experienced by your average person, particularly by journalists and even politicians, and he sets out to make the basics clear. The basic principles he outlines are true of any economy — whether capitalist, socialist, communist, or mixed — but he also goes on to show how specific economic policies work (or don’t work) in specific contexts. Most importantly, he encourages “the reader to look at economic policies and economic systems in terms of the incentives they create, rather than simply the goals that they proclaim. This means that consequences matter more than intentions — and not just the immediate consequences. The longer run repercussions of any economic policy need to be considered by the public, especially because so many public officials may not look beyond the next election.” He shows how politicians may pursue economically counterproductive policies to gain the votes of two separate groups of people, and he shows how government economic policy can breed shortages, increase the cost of oil and food, and cause the quality of products to decline. Files.3023.Basic_Economics.PDF: http://bit.ly/2DBO1U
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['Economics', 'Basic Economy', 'Guides And Tutorials']