Common Sense Economics

Common Sense Economics

What Everyone Should Know About Wealth and Prosperity

Book - 2010
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"The authors tell us what everyone should know about economics in language we can all understand. It's refreshing when four of the best in the profession avoid the all-too-common practice of writing in a code that only other economists can comprehend." ---Robert McTeer, former president of the Federal Reserve Bank of Dallas

With the global economy recovering from a steep recession, those who fail to grasp basic economic principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk falling behind in their professional careers--even their personal lives. Common Sense Economics discusses key principles and uses them to show how to make wise personal and policy choices.

This new edition of a classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini, with reflections on the recent recession and the policy response to it, illuminates our world and what might be done to make it better.

Publisher: New York : St. Martin's Press, 2010
Edition: Rev. ed., 1st ed
ISBN: 9780312644895
0312644892
Characteristics: xii, 227 p. : ill. ; 22 cm

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pm221
Jul 11, 2018

Although this is a basic text on economics, the author's views are distinctly right wing, small government. This influences discussions of areas of public goods such as health care and the environment, and becomes objectionable on the subject of the rights of Mitt Romney's "47%", basically that they should not have any if they do not pay taxes.
Since the science of economics started life as "political economy" the above complaints are not totally valid, however it does feel as if the pure economics - which are unobjectionable - have been contaminated with a heft dose of libertarianism.

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VV17
Mar 01, 2016

This is a wonderful book for every person to read! Gwartney, Lee, and Ferrarini do an excellent job presenting basic economic principles people should be familiar with. This book is commonly used in university Economic 101 courses and rightly so. This book discusses a wide range of topics and even ends on a wonderful chapter devoted to personal finances and entrepreneurial endeavors. This book is a must read for every person that wishes to be well-rounded and wise in regards to economics and finances. "Common Sense Economics" is a delightful introduction to this commonly boring or daunting subject!

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StarGladiator
Apr 13, 2014

Pretty bogus book, upholding the status quo and conveniently ignoring that economics is really an excuse as to why a small number are born with everything and the majority are born with nothing - - much better to study and understand the concept of primitive accumulation. Author promotes the myth of the free market!

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VV17
Mar 01, 2016

"You can profit from this book regardless of your current knowledge of economics. This book will introduce a beginner to the basic principles of economics, principles that mainly reflect common sense. By these concepts are powerful tools for logical thinking that will quickly make it possible for even beginners to distinguish between sound economics and romantic nonsense. This book will also help more advanced students of economics and business pull together the big picture" (Common Sense Economics ix).

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