It's focus has become more international, including the range of economic problems faced by foreign countries around the world. In this edition, Basic Economics has been revised and expanded to address the new concerns of the 21st century. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first audiobook for anyone who wishes to understand how the economy functions. In understandable language, he shows how to critique economic policies in terms of the incentives they create rather than the goals they proclaim. Sowell reveals the general principles behind any kind of economy - capitalist, socialist, feudal, and so on. Learning economics, he believes, should be relaxing - and even enjoyable. With this groundbreaking introduction to economics, Sowell has thrown out the graphs, statistics, and jargon. Thomas Sowell has a different idea about how economics should be taught.
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