"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
"The authors tell us what everyone should know about economics in language we can all understand. It's refreshing when four of the best in the profession avoid the all-too-common practice of writing in a code that only other economists can comprehend."
—Robert McTeer, former president of the Federal Reserve Bank of Dallas
"Economics is not only fun and exciting, it's mostly plain common sense. The authors have done a yeoman's job in proving just that. Common Sense Economics not only is a fun, readable read but can serve as a handy and important reference for students, teachers, businessmen, members of the media, politicians, and trained economists."
—Walter E. Williams, John M. Olin Distinguished Professor of Economics at George Mason University (Virginia)
"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 government."
—Václav Klaus, former president of the Czech Republic
"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, 2001 Nobel Prize winner