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Basic economics : a common sense guide to the economy

by Sowell, Thomas, 1930-

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A presentation of economics in plain, straightforward language, without the jargon, graphs, or equations that dominate most other economic writings. This book is aimed at people with no previous study of the subject, namely the general public and beginning students in economics. Basic Economics illu... Full description


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Table of Contents:
  • What is economics?
  • pt. I. Prices and markets : The role of prices ; Price controls ; An overview of prices
  • pt. II. Industry and commerce : The rise and fall of businesses ; The role of profits
  • and losses ; The economics of big business ; Regulation and anti-trust laws ; Market and non-market economies
  • pt. III. Work and pay : Productivity and pay ; Minimum wage laws ; Special problems in labor markets
  • pt. IV. Time and risk : Investment ; Stocks, bonds and insurance ; Special problems of time and risk
  • pt. V. The national economy : National output ; Money and the banking system ; Government functions ; Government finance ; Special problems in the national economy
  • pt. VI. The international economy : International trade ; International transfers of wealth ; International disparities in wealth
  • pt. VII. Special economic issues : Myths about markets ; "Non-economic" values ; The history of economics ; Parting thoughts.