Basic Economics

Basic Economics is the bestselling citizen's guide to economics. It is specially written for those who want to understand how the economy works but have no interest in jargon or equations. It explains the general principles underlying different economic systems: capitalist, socialist, and feudal, to name a few. In readable language, Basic Economics shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. It comes with clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments.