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The Economic Way of Thinking

4.11 of 5 stars 4.11  ·  rating details  ·  64 ratings  ·  10 reviews
Meant for a one-semester survey course in general economics, this book develops the basic principles of micro and macroeconomic analysis, and employs them as tools rather than ends. It introduces a method of reasoning to think like an economist through example and application. It presents the errors in much popular reasoning about economic events.
Paperback, 558 pages
Published February 11th 2005 by Prentice Hall (first published January 1994)
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Paul Bard
"The Economic Way of Thinking" is THE best piece of economic writing. In five pages Heyne gives a WHOLE SEMESTER of knowledge. The language is transparent like no other economist's has ever been.

Theologian and economist Paul Heyne selects five concepts as doorways into economics: economizing actions, marginal decisions, opportunity costs, interactions between economizers, and markets and prices.

The essay and other words by the author are available at the Online Library of Liberty: oll.libertyfun
Jan 02, 2008 Angela rated it 5 of 5 stars
Recommends it for: anyone who'd like to figure out what the whole "economics" thing is about, really
Shelves: nonfiction-text
Can't believe I'm giving five stars to a textbook! But then again, I can't remember ever actually reading a textbook through, start to finish. This book really was amazingly well written, insightful, and informative. n.b: it is written to a freshman-in-college level audience, but that mostly shows up in some of the examples used. I think I would have read it even if I hadn't had to!
Marek Svoboda
The best textbook of ANYTHING I ever read - in other words, not only valuable in content but the very best in methodology and approach. Stimulates thinking about economy and in general.
Aug 07, 2010 Lisa rated it 5 of 5 stars  ·  review of another edition
Recommends it for: Everyone
This book opened my eyes and changed my life for the better. Once you understand basic economic concepts, it is much easier to discern which politicians are telling you the hard truth about your economy, and which ones are saying what people want to hear in order to get themselves elected. Every voter who wants to be informed should understand economics (the basics, because it is a big complicated field of study) and this is a great book to start with.
Эта книга познакомила меня с экономикой, как с наукой о процессах, происходящих в обществе. Она убедительно рассказывает о том, что само собой сложившиеся вещи складываются по определённым законам. А осознание этих законов позволяют предсказывать будущее. Давно прочитал страниц двести и отложил, а недавно понял, что теперь про экономику мне надо читать уже другие книги: либо более свежие, либо классические труды.
Trent Rock
This a pretty good book for a general overview of economics..The author has a witty style and uses great real life examples....If you read it cover to cover I think you should have a pretty good grasp of the dismal science...
My college Economics textbook, from Econ 101(?) with Tony Carilli. I received a B- in the class, as I could have read the text a bit more carefully, which is why I'm reading it again.
David R
This was literally the worst textbook, let alone micro economics textbook I have ever used.
Tista Kundu
Jul 04, 2012 Tista Kundu marked it as to-read  ·  review of another edition
Shelves: rhetorics
Yet to read this book
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