Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

Common Sense Economics What Everyone Should Know About Wealth and Prosperity Do taxes help 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 Gw

  • Title: Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
  • Author: James D. Gwartney Richard L. Stroup
  • ISBN: 9780312338183
  • Page: 135
  • Format: Hardcover
  • Do taxes help 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 understan Do taxes help 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 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.

    One thought on “Common Sense Economics: What Everyone Should Know About Wealth and Prosperity”

    1. I've read several books on economics (outside of college Econ. 101 and 102), or, more specifically, the Fed the current dominant money system, co-ops and alternatives to current money system, and so forth, but this is one everyone should read. Why? Here's the author to let you in on a secret: "We are a nation of economic illiterates. As a result, we are easily misled by leaders who tell us of their good intentions--their passion to solve our problems. Our democracy puts voters in charge of choos [...]

    2. Had to read this for an economics course, probably the worst book I ever read. It reads more like political talking points filled with meaningless drivel filled with bumper sticker slogans.

    3. This economics book explains the classic laissez-faire theory. However, it does not do a good job in explaining the deficiencies and problems in this approach.

    4. This is one of those books that should be on every persons book shelf, dog-eared and underlined. I learned more economic principle in the 160 pages of this book than the 800 pages of a well known author's book that I simply could not finish. I needed straight talk not high theory. This book is practical and effectively covers what you need to know about the core economic principles of free markets; how economic forces function, the economic role of government, and personal principles of prosperi [...]

    5. A book definitely for everyone, easily understood, with the least number of complicated jargon. It introduces basic rules of how the economy works at lay man term I would say. I like this book because it doesn't just explain what is economics. It also relates us, individually to the economy. I believe this is what makes the book lively and interactive to me. Last but not least, I love the true purpose of this book. Its aim is not to make you a economical genius, but to tackle a common problem fa [...]

    6. This is an excellent introduction to basic economic principles. As the authors point out, we live in a nation of economic illiterates, and given the current political and economic environment, clear thinking about economics has never been more important. This book introduces the key ideas and issues and presents a clear explanation of what works and what doesn't in the real world. While not everyone will agree with all the specifics, I know of no book that better introduces the concepts and pres [...]

    7. A top-notch primer on economic theory and application. Well-organized and easy to understand, the book covers basic theory, macroeconomic application proposals, and microeconomic (i.e. personal finance) applications.The only criticism I have is the authors' sanguine view of central banking and the policy of money supply management. This comes from my recently started the study of Austrian Economic Theory.

    8. One star for clarity: clear from their first list of principles they are fanatically right-wing. According to the cover, this frightening piece of fiction is being used to indoctrinate high schoolers. They prop up Sam Walton as a hero, don't mention workers, casually drop in Hayak's Nobel Prize, and quote Roosevelt from 1932 before he changed his mind, taxed the rich at 93% and did much better. An astonishing work of sophistry top to bottom.

    9. Another selection from the Federalist Society's Pre-Law Reading List, this book essentially confirmed a lot of my biases towards free market economics. It was a great introduction to the basic economic principles and also explained things that I didn't understand like monetary policy and capital markets. Essentially it laid out in a very logical way why government interference in free trade leads to economic ineffiencies, deceptive pricing and long-term negative effects no matter what good inten [...]

    10. I've been reading a number of economics books lately. All of them have expanded my knowledge, but I probably should have started with this one. It's an outstanding introduction to the ideas of the Free Market system, and how betrayal to that system has brought about so many problems. In addition, the final section is all about personal finances. Some of it was common sense, but it was incredibly informative and got me thinking a lot more about investment. I cannot highly recommend this book enou [...]

    11. สนุกดี เหมือนเอาecon101+econ dev+public fi+personal fi ชอบบทสุดท้ายสุด เรื่องการเงินส่วนบุคคลภาคปฏิบัติ

    12. Definitely not a page-turner, but it had some good info on how economics works in different areas, including government involvement (which made me wonder if a lot of our national leaders have ever taken an econ course), and personal finance. It was well organized so I could read just the sections that interested me and skip over the stuff that I found boring or didn't apply to me. Well explained and concise.

    13. This should be required reading for every person serving in public office from the municipal ranks on up to the President of the United States. In fact, those serving in the higher offices should be required to take a test on this book and obtain AT LEAST a 90% grade. That might completely wipe out the House and Senate and vacate the White House and most of the Cabinet, but I'm willing to take that chance!

    14. This book is a great introduction to basic economic principles, and I'd suggest it to anyone who just wants to understand economics. It is well-organized and covers a range of topics from macroeconomics to microeconomics. The book's organization would lend itself well to just picking and choosing the topics you're most interested in, but I read it cover to cover and was left with a stronger sense of why I feel the way I do about economic policy in the United States.

    15. A really good refresher/intro on basic economics principles. I picked it up because one of my college econ professors is quoted on the inner flap (I know--stupid reason for buying a book). NOTE: Economics from a Libertarian point of view (government intervention of free market principles is a detriment to the system). Still a good book on the essentials of economics, though.

    16. The authors write economics in plain sense for secondary students and adults. Florida State University will be offering an online course in January 2014 for anyone who is interested in foundational economics (beginners). High school students can take the course at minimal cost and earn the sates economics credit.

    17. What sets this book apart from others on the same topic is that it adds a section at the end which instructs the reader how to apply the book's basic economic principles to daily life. Some of the information was common sense; however, for those who don't see a connection between global economies, the national economy and themselves, it is enlightening.

    18. I read this book to get a good refresh and better overall understanding of economics. The book accomplished these goals and had an added bonus of relating economic principles to personal financial success. Bottom line, this is a great overview and lead-in to more detailed and complicated economic principles.

    19. We read this in our homeschool economics class this year and it was a perfect primer for the topic. The title says it right; this book explains what everyone should know and I think the world would be a better place if we all knew it.

    20. Totally in line with my right/correct (!) thinking! Rules for public economy are very much like personal economy. Don't spend more than you have in your account. COMMON SENSE!! Good advice on personal finance at the end of the book, too.

    21. นี่เป็นหนังสือแนวคิดเศรษฐศาสตร์ที่เข้าใจได้ง่าย (ตัดเรื่องการพิสูจน์ด้วยคณิตศาสตร์ออกไปก่อน)แต่น่าแปลกใจตรงที่ว่า ตรงชั้นวางขายหนังสือในไทยดูเหมือนหนังสือเล่มนี้กลับกลาย [...]

    22. Excellent little work, suitable for the general read or high school student. Plain, simple, and well-written. Not sure I'll use it in class but it would be a solid introduction for any high school class.

    23. I had to read this for an Economics class but this is a really good, basic book on Economics. It is easy to understand and you aren't having to drag your feet through it. I would definitely suggest this book if you are having difficulties in Economics.

    24. This little treasure should be mandatory reading for all Americans who desire a return to prosperity for our great country. If you apply what you'll learn reading this book, you'll make better decisions for the rest of your life.

    25. Easy to read, in this day and age we as responsible citizens must have a deeper understanding of the economic environment we live in. Deep knowledge of the economy will help us create real value in the marketplace and in our lives.

    26. Easily read in one sitting yet elegantly eloquent in explaining how wealth is created - and how it is destroyed. I give it away as a graduation present and have for years.

    27. Excellent primer on economics and the individual's relationship at both the micro and the macro level. A must-read for anyone who needs to become financial literate.

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