This sound primer of basic economics tells all you ever wanted to know but were afraid to ask about money, the market, prices, monopoly, competition, land, labor, capital, entrepreneurs, the Federal Reserve, and the distribution of wealth. For those desiring to educate themselves in economic principles, Carson will give you the tools to debate the warmed-over socialism presented by today’s media.
Carson defines and describes all of the major politico-economic systems of the past one thousand years. Feudalism, mercantilism, free enterprise, capitalism, welfarism, and communism are each allotted a chapter in the concluding section. The basics are all covered in clear, plain English, and Carson makes sure to keep his subject interesting.
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“Clarence B. Carson has made economics readable for the layman. In his latest book, Basic Economics, Carson does what he does best; he draws on his extensive knowledge of history and free market economic theory to lead his readers carefully through the intricacies and fallacies of economic thought.”
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New American