Basic Economics: A Citizen's Guide to the Economy, revised and expanded ed. Basic Books, New York, 2004.

At last there is a citizen’s guide to the economy, written by an economist who uses plain English. No jargon, no graphs, no equations. Yet this is a comprehensive survey, covering everything from rent control and the rise and fall of businesses to the international balance of payments. The purpose of Basic Economics is to enable people without any economic training to understand the way the economy functions — not only the American economy, but other economies around the world… [T]his is not a book from which to cram facts, but one from which to gain an understanding of the economy that will enable you to form your own conclusions on the basis of tested principles, rather than on the basis of emotion or rhetoric. That is the goal of the journey, but you should also enjoy the trip along the way.

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