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Local business owner and professor publishes new book

CONOVER — Richard E. Carmichael, Ph.D. has released a new book, “Common Sense Economics 2023 Edition.”

The book is available in paperback format from, Barnes & Noble and many leading bookstores. The book is also available in electronic format using Amazon Kindle’s textbook creator. This program creates exact duplicate of the paperback edition.

This book explains most of the commonly used economic principles and presents many facts, current and past, so that the reader can make up their own mind. 

Carmichael said the book explains economic theory past and present in numbers, no graphs that confuse more than they help. For example, the question of who is responsible for the current inflation is analyzed with actual government numbers showing the reduction of supply of barrels of oil and the corresponding spot prices. Also detailed are the government deficits for fiscal years 2021 and 2022. 

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