Cox esittelee talouden eri käsitteitä ja rooleja yrittäjyydestä, mainostajista, keinottelijoista ja sankarillisista sisäpiirikauppiaista aina rahaa, inflaatioon, suureen lamaan, protektionismiin, kilpailulainsäädäntöön ja vähimmäispalkkoihin saakka. Kirja tuo esiin monia yleisessä keskustelussa ja politiikassa esiintyviä virhekäsityksiä ja väärinymmärryksiä ja osoittaa, kuinka useilla näistä on vakavat seuraukset yksilöille ja hyvinvoinnille yhteiskunnassa.
Jim Cox, a retired college professor living in Louisville, Kentucky has written extensively on the history of radio from the 1920s to the present and is a historian on the subject of radio programming in the 20th century. He resides in Louisville, Kentucky.
This went a bit better than my usual dive into non-fiction (I seem to hate most non-fiction recommendations that come my way, finding them silly / too embedded in the realm of self-help). It managed to explain some concepts I didn't really grasp, albeit through very libertarian rose-colored glasses. All in all ok, an useful read.
Decent summary but kind of biased. As a relative newbie to econ, I would prefer a guide to economics to be unbias. later I can gravitate towards specific views/schools of thought. This was a quick read.
Interesting, well written, and concise. Anyway, it had some parts that were hard to understand, and overall the subject was more an apology for free market in different areas than a neutral introduction.
Jim Cox's Concise Guide to Economics is a collection of essays on...you guessed it...economics. I really enjoyed the topics that at first seemed counter-intuitive, like speculation and price gouging in times of emergency. Speculators make informed bets on the price of goods based on expected future conditions. If they're poor, speculators bet on an increase in prices, and an increase in prices gives people the incentive to conserve. The same goes with price gouging. When prices rise because of an emergency and an expectation of a shortage, people conserve resources and make sure goods are put to their best use. It's not about sky-high profits. These are just two examples of the great explanations found in this book.
I couldn't give the book five stars due to some of the analogies Mr. Cox employs to explain certain principles. I found them to not be persuasive. But other than that, you're doing yourself a favor by reading this brief book.
It is a very brief summary of many concepts in economics from the Austrian school libertarian perspective. It discusses and refutes many fallacies and misconceptions from the monetary school, marxist school and Keynesian school. Very interesting approach to the concepts of Profit/Loss, minimum wage, antitrust laws, federal reserve, etc... The most interesting chapter is the assassination of the marxist labour theory through rational and well given examples. Highly recommended read... However, in very few sections, stronger and more convincing examples could have been used mainly when he discusses monopoly.
A great primer on Austrian economics. The author also compares and contrasts Austrian economics with other major schools of economic thought. The chapters are VERY concise and should serve to pique the reader's interest in investigating the ideas the authors puts forth. The author provides excellent references for further study.