Just as people do, this book has put on weight with the passing years, as new chapters have been added and existing chapters updated and expanded to stay abreast of changing developments in economies around the world.
suggest that there is a widespread desire for this kind of introduction to economics, when it is presented in a readable way. Readers’ continuing interest in these new editions at home, and a growing number of translations into foreign languages overseas, During the changes in its various editions, the fundamental idea behind Basic Economics has remained the same: Learning economics should be as uncomplicated as it is eye-opening. This includes both the general public and beginning students in economics.Ī less obvious, but important, feature of Basic Economics is that it uses real-life examples from countries around the world to make economic principles vivid and memorable, in a way that graphs and equations might not.
It is also written in plain English, rather than in economic jargon, so that it can be readily understood by people with no previous knowledge of economics.
The most obvious difference between this book and other introductory economics books is that Basic Economics has no graphs or equations. Chapter 5: The Rise and Fall of BusinessesĬhapter 6: The Role of Profits–and LossesĬhapter 8: Regulation and Anti-Trust LawsĬhapter 9: Market and Non-Market EconomiesĬhapter 12: Special Problems in Labor MarketsĬhapter 15: Special Problems of Time and RiskĬhapter 20: Special Problems in the NationalĬhapter 22: International Transfers of WealthĬhapter 23: International Disparities in Wealth
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