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Technical Basic Economics 2nd Ed: A Citizen's Guide to the Economy, Revised and Expanded Edition
Posted on 2010-08-13
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More Basic Economics 2nd Ed: A Citizen's Guide to the Economy, Revised and Expanded Edition A well-known conservative columnist, author and economist, Sowell (A Personal Odyssey, etc.) presents an introductory course in economics with an emphasis on public policy. Forgoing jargon, equations, graphs and complicated exposition, he's produced a book that's easy to read and understand, though it tends to be superficial and is written in an angry tone, often accusing others of economic ignorance, as if that is the only possible explanation for disagreement with the author's views. Sowell is at his best discussing microeconomics in the first two-thirds of the book. Unlike most accounts, which cover the subject from the point of view of business or investment, Sowell concentrates on government action, in an effort to prepare the reader for civic participation. He addresses price controls and subsidies in detail, both as important political issues in their own left and to demonstrate how prices work by showing what happens when they are constrained. In the final third of the book, he wades into more complex and controversial territory
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