Economic Principles

I learned a lot about economics from reading it. Division of labor and exchange can simultaneously enhance the welfare of both parties to the transaction, and even backward countries can benefit through comparative advantages. In a free market, supply and demand will automatically tend to balance and achieve maximum efficiency. Government intervention in the market reduces efficiency. Information asymmetry is the normal state of the market and is not a reason for government intervention in the market. What the government should do more is to confirm and protect property rights. The tremendous growth in wealth since the Industrial Revolution lies at the root of outstanding entrepreneurs. Entrepreneurs create a division of labor and continuously innovate production, forming a source of endogenous growth for the economy.

Economics is a prominent discipline that has a profound impact on all areas of society. Many social phenomena and behaviors of social subjects are often governed by certain economic principles. Therefore, it is very necessary to understand the principles of economics and master economic thinking. For us, being able to master the basic principles of economics and understand some economic cases and events will help us look at the world with more rational thinking and have a deeper understanding of the problems around us and seemingly incomprehensible phenomena.

The teaching materials of Peking University are good. The language is easy to understand, the logic is strict, and there are a lot of examples to assist understanding. Even a high school student can understand it. [Like][Like]

This book is very interesting! It is not as boring as other economics books, and it also incorporates the ideas of "Austrian economics". The book says that the ultimate goal of man is to pursue happiness, which I agree with. I like the explanation of market logic in the book, which is to create value for others to make yourself happy. I feel like this book makes economics more humane!

This book introduces the basic concepts, principles and theoretical framework of economics in a systematic way. It covers microeconomics and macroeconomics to help readers fully understand the core concepts and theories of economics. This book aims to combine economic theory with practical problems, and enable readers to apply theory to actual economic activities through the analysis of actual cases and economic phenomena. It provides an in-depth understanding of the application and impact of economic principles in real life.

It's easy to understand, and it's still very rewarding to read it.

Newbie report. Never learned. If recommended online, then read it

Easy to understand and super valuable to read.

For those who are new to economics, this is a very thorough analysis book and is worth recommending.

It was actually written by Zhang Weiying. I only noticed it after reading the book. No wonder this book is so well written. Let me, an economic novice, also benefit a lot!