Basic Economics

  • by Thomas Sowell
  • Narrated by Brian Emerson
  • 18 hrs and 31 mins
  • Unabridged Audiobook

Publisher's Summary

Basic Economics has been written with the thought that learning economics should be not only a relaxed experience but also an enjoyable one.This is the revised and expanded edition of a new kind of introduction to economics for the general public, without graphs, statistics, or jargon. However, the enlargement of this edition is not just more of the same. In addition to being updated, Basic Economics has also become more international, with the inclusion of economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. Each chapter reflects the experiences of many different peoples and cultures.


What the Critics Say

"Clear and concise....Among economists of the past 30 years, [Sowell] stands very proud indeed." (The Wall Street Journal)
"Basic Economics is not only valuable for a general lay-person audience, it would also benefit lawyers, politicians, and, yes, economists, as well." (Washington Times)


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Customer Reviews

Most Helpful

Naive and Fact-Free

I agree that this is a well-written (and well-recited) book, and worth listening to. But rather than being fact-based, it is an ideological whitewash that attempts to provide moral justification for the gross inequities of unbridled capitalism. It is chock full of "historical" anecdotes to back up the author's ideology. Anyone with an education knows the value, and lack thereof, of anecdotes in the social sciences. If you think that anarchy is better than government, and you are a millionaire, this book is for you. But if you rely on public services for any part of your day (roads, fire, police, school, safe air food and water, etc) then you will find this book shockingly naive. It's no wonder the author is employed by a conservative ideological "think tank". There is no such thing as objective economic theory. Read this book, but then find a more liberal economics text to balance your thinking, otherwise you'll be deluded into parroting the neo-cons.
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- Joshua

required reading

This book should be required reading in every high school in the country. It explains very simply why a market economy is the most efficient and thus delivers the highest standard of living for its participants. It points out where much that passes as common knowledge is wrong and why. Even those of us in the business world start to believe some of the common statements in the media about economics as we all here them day in and day out. It was nice to feel grounded again to be reminded how and why the system works and what happens when government tries to circumvent the market. Read it then give it to your kids.
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- Sierra Bravo "Semi retired small business person/ college professor/ investor."

Book Details

  • Release Date: 06-26-2006
  • Publisher: Blackstone Audio, Inc.