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

With minimum use of jargon, the authors aim to provide concise and organized insight into economics. Targeting both beginners and experienced executives, they teach basic principles and also provide perspective on the influence of political rules and policies on people and nations. Employing the popular convention of “lists,” the authors offer “Ten Key Elements of Economic Theory” (including there is no such thing as a free lunch; hence, we must choose among alternatives since productive resources are limited while human desire for goods and services is virtually unlimited); “Seven Major Sources of Economic Progress” (including the legal system); “Ten Elements of Clear Thinking about Economic Progress and the Role of Government” (competition, a disciplinary force, is as important in government as it is in markets); and “Twelve Key Elements of Practical Personal Finance” (including don’t finance anything for longer than its useful life, avoid credit-card debt, and purchase used items.) This is an excellent, readable primer in economics. Mary Whaley
Copyright © American Library Association. All rights reserved