* Do taxes help more than they hurt? * What effect does redistributing wealth have on our economy---and those who participate in its redistribution? * What is the role of government? * How does an economy work? James Gwartney, Richard L. Stroup, and Dwight R. Lee are three of the most prominent economists today, and in Common Sense Economics they show us why economic understanding is an essential ingredient for life in today's society, a key element that empowers those who possess it to better take charge of their own lives and their own responsibilities to their society. In clear, powerful language free of any hint of jargon or obscurity, they illuminate the basic principles of supply and demand, private ownership, trade, and more. In a world where free trade, taxes, and government spending are issues everyone needs to understand, Common Sense Economics is a lucid, simple explanation of how and why our economy and our world work the way they do, and how and why individuals and nations prosper.
This book is a concise and easy to read explanation of a very broad spectrum of economics topics, ,including public choice theory. It also includes a section on very basic personal finance. For my friends who are trying to understand basic economics on their own, I recommend reading this book this after Russell Robert's books, and "The Best Book on the Market" and before Sowell's "Basic Economcs" in that order.
Excellent Economic Overview
Published by Thriftbooks.com User , 16 years ago
This is the best eoonomic book I have read. Usually this topic is very dry and hard to read. However the authors give a great range of examples to backup their topics. If I had to give one word to describe economics is "incentive" and its used often in this book. Often many people make political decision or vote based on what they would like to see happen. Sadly, they never think about "incentives" people have to do certain things.
Should be required reading for voters
Published by Thriftbooks.com User , 16 years ago
I've read several of the economics books meant for a general audience. Overall, I'd say this one is the best, edging out Thomas Sowell's Basic Economics 3rd Ed: A Common Sense Guide to the Economy. Common Sense Economics is particularly strong when it discusses the ways in which various government policies make us poorer.
Common Sense Economics
Published by Thriftbooks.com User , 18 years ago
Easy to read, easy to understand. The last time I tried to understand economic principles was in required college courses, and barely made it through any of them. This book clarifies the often deliberate obfuscation of this subject, and reveals what every American ought to know about how our system is supposed to work, but a lot of times doesen't. A must-read for every conservative concerned about liberal economic ideas and governmental meddling in Capitalism.
Common Sense Read For a Sometimes Dry Subject
Published by Thriftbooks.com User , 18 years ago
This is essentially a newer edition of a book previously released by the author. The writing is clear and concise on many basic economic principles. If you are looking for an indepth analysis of how economics effects socio-political issues, this is not the book you are looking for. However, if you are looking to begin setting a solid foundation for economic understanding there is perhaps no better place to begin.
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