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Basic Economics, Fourth Edition: A Common Sense Guide to the Economy Audiobook
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(4.00) - 2,081 listener ratings
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Publisher Description
The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. Among other additions throughout the book, a new section on the special role of corporations in the economy has been added to the chapter on government and big business.
Basic Economics, which has now been translated into six foreign languages, has grown so much that a large amount of material previously found in the back of the book has now been put online instead so that neither the book itself nor its price will have to expand. The central idea of Basic Economics, however, remains the same: 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.
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"Okay. I agree to disagree. This is a great book for folks who don't like graphs. The author discusses economics by narrative. Much of the information appears anecdotal but the author provides information about sources for each of the chapters at the end. Economics is a system. It has no moral nor social axe to grind. Don't blame the free market system, blame the people who operate within it and screw it up by not allowing it to be a free market. Libertarian in outlook and certain to raise the hackles on Republicans and Democrats alike. (I didn't get upset until the second page!) This reader found himself uttering, "but, but, but", numerous times. After zinging the reader with yet another fallacy or misuse about and of the system, the author is back to saying it is not the system's fault. If only we lived in the vacuum."
— Bruce (4 out of 5 stars)
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“At last there is a citizen’s guide to the economy, written by an economist who uses plain English…A comprehensive survey.”
— Business Wire -
“A book rich with explanations and examples of everyday economic issues.”
— Walter Williams, George Mason University
Basic Economics, Fourth Edition Listener Reviews
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John Hembling, 4/28/2021
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" Just starting to read this, and it's clear headed and fascinating! I always KNEW rent control was a bad idea, but reading the section on price controls explained why. Reading this makes me feel like a grown-up, finally, on financial matters. "
— Susan, 2/10/2014 -
" Excellent read. I've been reading this behemoth for a few months at least, which is really unusual for me. Nevertheless I can pick it up without having read it recently and still gain a lot from it. Informative without sounding like a textbook. "
— Allegra, 1/27/2014 -
" This book is different than your typical economics book. It offers, without any graphs or fancy math, the principles behind economics from the ground up. Some of them common sense, others counterintuitive, but all enlightening. It uses history, logic, and most of all, practice to show just how different the economist is from your everyday person. A must read for the person new to economics. "
— Hispanicpundit, 1/25/2014 -
" Foundational economics without the graphs. Fun read. "
— Sam, 1/9/2014 -
" Another great book by Thomas Sowell. A must read for every citizen of a market economy "
— Tom, 1/2/2014 -
" A wonderfully factual and clear explanation of basic economic theory. Written from a capitalist's viewpoint, but doesn't gloss over capitalism's faults or weak spots. "
— Ben, 12/9/2013 -
" This book changed my whole perspective of economics. It did a good job of making complex issues easy to understand. This book is a must-read for any US citizen who wants to keep politicians in line. "
— Jameson, 11/13/2013 -
" I loved how Sowell taught Economics. His examples were easy to understand and he really made me interested in the subject. "
— Emma, 11/5/2013 -
" Couldn't finish it. Introduced some interesting concepts but was too slow and just repeated the same ideas over and over. We get it communism is bad and free markets are good...zzzzzz. "
— Clayton, 10/27/2013 -
" A clear and easy to read introduction to economics. A very optimistic view of the free market. "
— Sera, 9/12/2013 -
" Should be required reading before you are allowed to vote! "
— Charles, 7/31/2012 -
" A huge book, but undoubtedly the simplest form of analysis one could perform on a subject like economics, with highest possible lucidity. I consumed it through the ears, using Audible.com audiobook version. "
— Ramreva, 5/24/2012 -
" The best book you will ever read. Should be required reading. "
— John, 11/18/2011 -
" Real-life examples and a readable overall coverage of basic economics. Everyone should read it. "
— Barbara, 6/15/2011 -
" Completely changed all my ideas about leftist economic policy "
— Harold, 6/13/2011 -
" It was work. Worth it but still work. The author did a good job making a very dry subject interesting. "
— Teri, 5/13/2011 -
" Excellent read. I've been reading this behemoth for a few months at least, which is really unusual for me. Nevertheless I can pick it up without having read it recently and still gain a lot from it. Informative without sounding like a textbook. "
— Allegra, 4/24/2011 -
" Basically an in-depth look at micro and macro economics without graphs or equations. <br/> <br/>Terrific "
— Jared, 4/8/2011 -
" Econ is life. That is what my high school teacher keep saying. This book goes in depth of different economic plains and gives the pro and cons to both. "
— Matt, 2/28/2011 -
" I believe that every single person should read this book, especially in these times... "
— John, 1/25/2011 -
" Awesome book...changed my whole approach to world economics...feels like i got a new economic spectacle "
— Manoj, 12/14/2010 -
" Excellent. Should be read with Hazlitt's "Economics in One Lesson". "
— Nedland, 12/11/2010
About Thomas Sowell
Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. He is the author of dozens of books and the recipient of various awards, including the National Humanities Medal, presented by the president of the United States in 2003.
About Tom Weiner
Tom Weiner, a dialogue director and voice artist best known for his roles in video games and television shows such as Buffy the Vampire Slayer and Transformers, is the winner of eight Earphones Awards and is an Audie Award finalist. He is a former member of the Oregon Shakespeare Festival.