Basic Economics, Fourth Edition

  • by Thomas Sowell
  • Narrated by Tom Weiner
  • 23 hrs and 51 mins
  • Unabridged Audiobook

Publisher's Summary

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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What the Critics Say

“Clear and concise…Among economists of the past 30 years, [Sowell] stands very proud indeed.” (Wall Street Journal)

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Customer Reviews

Most Helpful

Myth Buster

Dr. Sowell presents economics in such clear and concise terms. Concepts, truths and fallacies all made crystal clear by detailed examples from economic history. Economics comes alive in this presentation.
The narration was so superb, He could make tax code interesting!
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- kevin

This Must-Read will inoculate you against fraud

Sowell covers so many economic fallacies (fallacies we have heard propagated daily in the news, for all of our lives), and explains why they are wrong. He uses inventive illustrative scenarios to make clear difficult concepts. He takes you well-past a limited concept or idea, to the full consequences of that idea, and makes the case using real-world historical examples from around the world. This will inoculate you against future fraud for the rest of your life. My only critique: the reader, while clear and understandable, is a bit dry and devoid of expression. Still worth it though. I have "re-read" many chapters since I bought it.
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- Joe Sparks

Book Details

  • Release Date: 12-28-2010
  • Publisher: Blackstone Audio, Inc.