Basic Economics: A Citizen's Guide to the Economy book

Basic Economics: A Citizen's Guide to the Economy

 Thomas Sowell  

Economics  

Ever wondered how big businesses like Wal-Mart and Microsoft dominate their industries? Why do corporations exist and how do they contribute to economic activities? How does competition impact businesses and consumers? Want to trace the progression from the mercantilists' focus on national power to the free market ideas of Adam Smith and David Ricardo? Dive into the fascinating world of business dynamics, monopolies, government regulations, and anti-trust laws. Discover how the interplay of these factors shape the operations of businesses and the overall economic efficiency.


Ever wondered how big businesses like Wal-Mart and Microsoft dominate their industries? Why do corporations exist and how do they contribute to economic activities? How does competition impact businesses and consumers? Want to trace the progression from the mercantilists' focus on national power to the free market ideas of Adam Smith and David Ricardo? Dive into the fascinating world of business dynamics, monopolies, government regulations, and anti-trust laws. Discover how the interplay of these factors shape the operations of businesses and the overall economic efficiency.;

#1

Can the Power of Prices Dictate the Success of an Economy?

01 Jan 1970

03:17

03:17


#2

Survival of the Adaptable: The Dynamic Nature of Business Success and Decline in a Capitalist Society

01 Jan 1970

02:39

02:39


#3

Does Big Business Domination Benefit Consumers or Stifle Market Competition?

01 Jan 1970

02:23

02:23


#4

Unraveling the Complexities of Labor Economics: From Productivity to Occupational Licensing

01 Jan 1970

02:57

02:57


#5

Is Investment the Ultimate Key to Future Growth and Development?

01 Jan 1970

02:15

02:15


#6

Capitalism's Lifeblood: A Deep Dive into Risk, Time, and Economic Behavior

01 Jan 1970

03:28

03:28


#7

Could Misunderstood Economic Principles and Flawed Government Policies Trigger Another Great Depression?

01 Jan 1970

03:52

03:52


#8

Balancing Act: The Delicate Interplay Between Government and Market Economies

01 Jan 1970

03:27

03:27


#9

Is International Trade a Zero-Sum Game or a Symphony of Shared Prosperity?

01 Jan 1970

04:04

04:04


#10

Unraveling the Complex Tapestry of Global Wealth and Income Inequality

01 Jan 1970

01:59

01:59


#11

Has the Evolution of Economic Thought from Adam Smith to John Keynes Shaped Economies Today?

01 Jan 1970

02:35

02:35


#12

Final Recap

01 Jan 1970

03:23

03:23



About Author

Thomas Sowell is a distinguished American economist, social theorist, and senior fellow at Stanford University's Hoover Institution. Renowned for his clear and concise approach to economics, he authored "Basic Economics: A Citizen's Guide to the Economy," a widely acclaimed work that simplifies economic principles and practices for the general public. Sowell's expertise spans across various economic policy issues, and he is a prolific writer with numerous books, articles, and columns to his name, making economics accessible and relevant to everyday life.

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