Cover via Open Library
Matt's pick · not sponsored
Basic Economics
- free markets
- prices
- government policy
- supply and demand
- conservative economics
Buy on Amazon(paid referral link)
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Why I'd hand it to you
Thomas Sowell explains how prices, profits, trade and incentives work without a single graph or equation. Then he applies those ideas to rent control, minimum wage, price controls and other policies, showing what tends to happen in practice. If you have ever wanted to follow an economic debate without nodding along blindly, this helps. Be aware that Sowell is firmly pro-market, and readers on the left will find his treatment of government programs one-sided. It is also long and repeats its main points many times. Read a few chapters at a time and it gives you a solid grasp of how economists think.
— Matt Jordan
Quick summary
- Book
- Basic Economics by Thomas Sowell
- Who it's for
- Readers who want to follow economic debates with more confidence and don't mind a firmly pro-market point of view in a long book.
- Key topics
- Prices, profits and incentives
- Supply and demand
- Rent control, minimum wage and price controls
- Government policy
- Shelves
- Economics, Current Events
Details
- Author
- Thomas Sowell
- ASIN
- 0465060730
- On these shelves
- Economics Current Events
- Short link
mattsbooks.org/r/beco
