The fifth edition of Basic Economics includes, in addition to the update and revision of the chapters already in previous editions, an entirely new chapter—the longest in the book—devoted to the reasons behind the staggering income and wealth disparities between nations. This additional chapter also reviews some commonly heard and generally accepted explanations when analyzing these differences. We will see that they do not withstand close scrutiny. You are unlikely to find this chapter on international economic differences or the one on the history of economics itself in most introductory economics books. These two chapters help any beginning student understand the role of economics in all its dimensions.
At the heart of Basic Economics is what has always prevailed in previous editions—a presentation of economics in simple and direct language, without the jargon, graphs, or equations that too often fill most economic texts. This book is intended for novices, namely the general public and economics students entering university. Basic Economics illustrates economic principles with compelling examples from countries around the world, leaving a lasting impression more than any technical jargon or mathematical formulas could. The successive editions of Basic Economics have been warmly received by readers, endorsing this approach. Additionally, it has already been translated into seven languages. Whether you read Basic Economics directly in English or in another language, this book aims to make economics as accessible and enjoyable as possible while opening up new horizons.
Publisher: Valor Editions
Author(s): Thomas SOWELL
Publication: January 25, 2024
Interior: Black & white
Format(s): Paperback
Language(s): French
EAN13 Paperback: 9782361170769