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Basic Economics: A Citizen's Guide to the Economy
by Thomas Sowell
Published by Basic Books, A Member of the Perseus Books Group, New York, 2000, 432 pages.
$21.00, hardbound
Economics is what real estate appraisers and analysts do in their professional analyses on a regular basis. Basic Economics is introduction to economics for the general public. Dr. Sowell observes that college students are not well educated in economics if it is not their major. "The net result is that complex and highpowered economic analysis within the profession coexists with utter ignorance and gross fallacies dominating the public, the media and various branches of government. Most of us are necessarily ignorant of many complex fields, from botany to brain surgery. As a result, we simply do not attempt to operate in those...