Library of Congress Control Number: 2014945836Ĭhapter 5: The Rise and Fall of BusinessesĬhapter 6: The Role of Profits–and LossesĬhapter 8: Regulation and Anti-Trust LawsĬhapter 9: Market and Non-Market EconomiesĬhapter 12: Special Problems in Labor MarketsĬhapter 15: Special Problems of Time and RiskĬhapter 20: Special Problems in the National EconomyĬhapter 22: International Transfers of WealthĬhapter 23: International Disparities in Wealth

For more information, please contact the Special Markets Department at the Perseus Books Group, 2300 Chestnut Street, Suite 200, Philadelphia, PA 19103, or call (800) 810-4145, ext. For information, address Basic Books, 250 West 57th Street, 15th Floor, New York, NY 10107.īooks published by Basic Books are available at special discounts for bulk purchases in the United States by corporations, institutions, and other organizations.

No part of this book may be reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations.ĭrawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.Īll rights reserved. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. The bestselling citizen’s guide to economicsīasic Economics is a citizen’s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations.

Basic economics 5th edition