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Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy, but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers.
Economic Facts and Fallacies. Basic Books. ISBN 978-0-465-00349-5. OCLC 1033591370. ASIN 0465003494. 2009. The Housing Boom and Bust. Basic Books. ISBN 978-0-465-01880-2. Chapter 5, "The Past and the Future Archived November 25, 2021, at the Wayback Machine." 2010. Basic Economics: A Common Sense Guide to the Economy (4th ed.). Cambridge, MA ...
In both classical and Keynesian economics, the money market is analyzed as a supply-and-demand system with interest rates being the price. The money supply may be a vertical supply curve, if the central bank of a country chooses to use monetary policy to fix its value regardless of the interest rate; in this case the money supply is totally ...
There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of ...
Core inflation, as measured by the personal consumption expenditures (PCE) price index, rose 2.8% year-over-year in October, exceeding the Fed’s latest Summary of Economic Projections.
A better-informed voting public allows you to vote intelligently for those who propose policies you favor and make good economic sense. We can use basic economics to motivating Washington to solve ...
Waller's caution reflects a notable shift in the economic and inflation outlook in the past month or so. Growth in consumer spending and the broader economy was robust in the July-September quarter.