Basic Economics: A Common Sense Guide to the Economy, 4th Edition

A revised edition of the classic introduction to economics, updated with new material on the economic crisis of 2008 and the first years of the Obama administration & rsquo;s policies Thomas Sowell explains the principles of economics in plain jargon for the general public, answering questions like: Why are homeless people sleeping on the sidewalks of New York in the winter, when the abandoned apartment buildings have four times as many dwelling units as there are homeless people in the city? Why did Russians have to import food to feed people in Moscow, when Russia itself had vast amounts of some of the richest farmland in Europe?