Thomas Sowell’s Basic Economics is a masterpiece, he lays out everything from how capitalism works to rent control in a clear, easy to understand, precise manner. I would highly recommend this book to anyone who wants an in-depth look at how the economy works or who just needs to do a book report on how the economy works. Mr. Sowell understands the economy very well and it shows in this book.
While Basic Economics is rather long, that should not be seen as an obstacle. Even reading very small portions at a time is easy, and beneficial. Mr. Sowell explains the flaws with rent control, with communism, why an effective market system needs incentives, and MUCH MUCH more.
Here’s the official synopsis:
In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on common sense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
Basic Economics, which has now been translated into six languages and has additional material online, remains true to its core principle: that the fundamental facts and principles of economics do not require jargon, graphs, or equations, and can be learned in a relaxed and even enjoyable way.
I hope you enjoyed reading this as much as I enjoyed writing it. As always if you have any questions or comments don’t hesitate to contact me in private by heading over to the Contact Me page, or just commenting below.