Common Sense Economics

Leading Economists on the book

“Economic journalism is often based on slip-shod analysis; scientific treatises are analytically coherent, but unintelligible. This book is an effort to bridge the awesome gap between these levels of discourse. Solid economic analysis, simply presented.”
–James Buchanan, 1986 Nobel Prize Winner

“Splendid and informed exposition of the basic principles of economics. The economics is sophisticated, the exposition simple, concise, lucid, and free from jargon.”
–Milton Friedman, 1976 Nobel Prize Winner

“This book provides the ABCs of how the world creates wealth without anyone having to be in charge because of market incentives-people are free to specialize, and by focusing on what they can do best for themselves, do unintended good for the rest of us. There is no other route to human betterment and poverty reduction.”
–Vernon L. Smith, 2002 Nobel Prize winner

“I gave a copy of Common Sense Economics to one of my colleagues who teaches accounting here. He read it this weekend and thought it was so good that he is considering paying his students (half the cost) to read it. We both think the lessons are perfect.”
–Kelly Hunter Markson, Instructor of Economics, Wake Technical Community College

“My high school students really enjoy this book. It is easy for them to understand and it presents important economic concepts in plain language using clear, often clever, examples. They read the whole book, and we discuss it page by page. I believe they get more out of it than their regular text.”
–David Gardner, Principal and Teacher, Frederica Academy

“This book forms a bridge between common sense and the basic principles of economics. It is a guide to sound economic reasoning for everyone. Its language is relatively simple, clear and straightforward without being oversimplified and without sacrificing the really important insights and conclusions. It is a book with a strong message – economic progress is the result of competitive markets, of individual initiatives and of the limited role of the government.”
–Václav Klaus, President, Czech Republic

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Copyright © 2012, Common Sense Economics
For suggestions or comments, please email Tawni Ferrarini, Northern Michigan University, at tferrari@nmu.edu

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