Common Sense Economics

Common Sense Economics

What Everyone Should Know About Wealth and Prosperity

Book - 2005
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* 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.
Publisher: New York : St. Martin's Press, c2005
ISBN: 9780312338183
Branch Call Number: 330 GWARTNEY
Characteristics: xi, 194 p. ; 23 cm


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Sep 18, 2014

I'd say a healthy interest in economic math and data tables is a good prerequisite before diving into Common Sense Economics. It's not a long book nor overly wordy. It's just, well, about economics. Not exactly a thriller novel. The value here is that the principles discussed affect the lives of everyone everywhere. The laws of economics, similar to the laws of physics, are visible all around us, and to understand them is to understand part of what makes the world turn.

Those familiar with libertarian viewpoints will recognize that much of the book is themed that way. If you happen to disagree with libertarian thinking, and yet are open to challenging your beliefs, then I recommend trying to understand Common Sense Economics through the lens of logic and math and not from the all-too-common vantage point of political ideology.


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