Economic Logic

Rating:
Summary: A fine free-market textbook
Review: Readers of Thomas Sowell's excellent _Basic Economics: A Citizen's Guide to the Economy_ may want to tackle this fine textbook next. Skousen presents basic economic concepts and principles in clear, crisp prose, and his presentation is the next level up from Sowell's: whereas Sowell eschews graphs and charts altogether, Skousen uses them sparingly and well in order to introduce, illustrate, and explain how markets work.

The text is suitable for anyone with approximately a high-school education (and I'd love to see it used in actual high schools). As such, it's well adapted for self-study.

Rating:
Summary: Economics Finally Made Sense in the Real World
Review: Reading Economic Logic gave me a profound new understanding of how economics applies in the real world, especially in business and personal finance.

My college economics courses, filled with perplexing theories like the paradox of thrift, GDP and Keynesian fiscal policy, were completely refuted in this excellent free-market textbook. Economic Logic focused on important, real issues like business profit-loss statements, entrepreneurship and the advantage of saving -- something my college professors never even touched.

Although I am not currently a student or professor, I thoroughly enjoyed learning economics "right." I have found it helpful in gaining more insight in running my business -- as well as the wisdom of fiscal conservatism in our government policies.

I highly recommend professors use this text in their economics classes. And students, if your professors don't use this text, get it for yourself so you can really understand the concepts and principles of sound economics.