• Basic Economics

  • A Citizen's Guide to the Economy
  • By: Thomas Sowell
  • Narrated by: Brian Emerson
  • Length: 18 hrs and 31 mins
  • Unabridged Audiobook
  • Release date: 06-26-06
  • Language: English
  • Publisher: Blackstone Audio, Inc.
  • 4 out of 5 stars 4.2 (561 ratings)

Regular price: $24.47

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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.
©2004 Thomas Sowell (P)2006 Blackstone Audiobooks
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Critic Reviews

"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
4 out of 5 stars
By Anand on 07-28-07

could have been shorter

Though the things the book discusses are interesting, I feel the contents of the book could have been covered in 1/3 of the time. The authors keeps saying the same thing in several different ways... Probably an abridged version might have been better... but I still dont regret listening to it as it made the fundamentals of economics -- atleast the free market economics clear.

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16 of 17 people found this review helpful

4 out of 5 stars
By Chris on 11-17-11

Not Really what I Expected

I was hoping for an unbiased book that would just go into the basics of economics. This does cover economic concepts but only as it relates to how great unregulated capitalism is for everyone. While this may be true, and I am not arguing one way or another, I was more interested in learning about economics without a slant (liberal or conservative) so I could form my own opinions.

Overall, this is not a bad book. Just wasn't what I was looking for or expecting.

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6 of 6 people found this review helpful

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Customer Reviews

Most Helpful
1 out of 5 stars
By Helen on 08-17-07

Misleading Title

This book is neither an introduction to basic economics or, particularly, a citizen's guide. Summarizing in one sentence what he considers economics to be: 'the study of the use of scarce resources', (not his own phrase incidentally) Sowell spends no more time in discussing economics per se but engages in political polemic, contrasting USSR (the only viable - although failed - alternative to laissez-faire capitalism apparently) with an idealised version of US prosperity.
I was hoping to listen to a book discussing the science of economics or a discussion of the ideas and algorithms that make up the discipline and perhaps an overview of common economic terms, that might illuminate the financial news, discussions of the stock market or the Chancellor's Budget Speech. Instead I was clobbered with partisan politics.

There are certainly uses for this text but if you're considering listening to it as an introductory text-book of some sort, there are better suited items on this service. I might recommend Mark Skousen's 'The Big Three in Economics', which discusses Adam Smith, Karl Marx and John Maynard Keynes in some considerable biographical detail but also engages with their economic theories.

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14 of 18 people found this review helpful

3 out of 5 stars
By Mr. R. D. Cox on 05-10-10

Adam Smith economic fundamentals

I haven't read the Wealth of Nations - but this book has reminded me i must.

I have listened 3 times and will review until i can remember it all.

Unfortunately I would like to hear more balance on the Theory. The book gives all the upsides of free market theory, but doesn't deal with the problems - war, fraud addiction, pity and abuse.

These fundamentals which create many of the 'Problem' policies, which the book discredits need not be so easily dismissed.

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1 of 1 people found this review helpful

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Customer Reviews

Most Helpful
3 out of 5 stars
By Rebecca on 05-12-15

A little one sided.

The content was a bit slow for me and stayed on one topic too long, probably because I have studied economics at university. Overall it made some valid point and worked to show people how the economy actually works however some aspects it suggested should be market driven such as healthcare I think should have been looked at from a wider perspective, overall very American views.

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