Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
"Economic Journalism is often based on slip-shod analysis; scientific treatises are analytically coherent but unintelligible.  This book is an effort tobridge the awesome gap between these levels of discourse.  It is solid economic analysis, simply presented.” --Nobel Laureate James Buchanan“If this book had been written a century ago the wasteful experiments with command economies might have been avoided. After my college-age children read this new edition, their understanding of how markets create social cooperation and wealth and how they can personally be guided in their finances sharply advanced.” —Gary M. Walton, Professor of Economics, University of California, Davis and President of the Foundation for Teaching Economics"I gave a copy ofCommon Sense Economicsto one of my colleagues who teaches accounting here. He read it this weekend and thought it was so good that he is considering paying his students (half the cost) to read it. We both think the lessons are perfect."—Kelly Hunter Markson, Ph.D., Instructor of Economics, Wake Technical Community College"My high school students really enjoy this book. It is easy for them to understand and it presents important economic concepts in plain language using clear, often clever, examples. They read the whole book, and we discuss it page by page during class discussion. I believe they get more out of it than their regular text."—David Gardner, Principal and Teacher, Frederica Academy (Georgia)“Common Sense Economicsis about both personal prosperity and the wealth of nations. It explains how and why ordinary people are able to accomplish extraordinary things when they are economically free and when the policies and institutions of their government are supportive of that  freedom.”     —Wayne Angell, Member, Board of Governors of the Federal Reserve System (1986–1994)“Common Sense Economicsmakeseconomic principles as obvious and simple as they can be. By weaving careful reasoning with memorable examples and clear writing, the authors explain how economies grow (or don’t grow); how prices coordinate economic activity; and how governments promote or deter economic progress. This is an extraordinary contribution to economic education.”     —Kenneth G. Elzinga, Robert C. Taylor Professor of Economics, University of Virginia “Economics is not only fun and exciting, it’s mostly plain common sense. The authors have done a yeoman’s job in proving just that.Common Sense Economicsis not only a fun, readable read but can serve as a handy and important reference for students, teachers, businessmen, members of the media, politicians, and trained economists.”       —Walter E. Williams, John M. Olin Distinguished Professor of Economics, George Mason University“Common Sense Economicstakes the economic way of thinking to the next level. If every high school graduate understood the principles in this book, people would make wiser choices as consumers, producers, and citizens and the United States would be more prosperous.” —John Morton, former Vice President for Program Development, National Council on Economic Education“In a time when public policy is being influenced primarily by need, greed, and compassion, this text sets out, in laymen’s terms, the most basic understanding of how the economy really works.Common Sense Economicsis a must-read for anyone interested in the truth about wealth creation and effective public policy.” --J. R. Clark, Probasco Chair, The University of Tennessee and Executive Director, Association of Private Enterprise Education