Summary of Thomas Sowell's Basic Economics

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If you want to know what makes the world turn, a good place to start is by learning the basics of economics.

Thomas Sowell’s Basic Economics (2000) is a guide for those who want to learn how the economy works without getting bogged down in jargon or calculations. Sowell explains the underlying foundations of any economic system, whether capitalist, socialist, feudal, or otherwise. Along with presenting economic concepts, he demonstrates how to evaluate economic policies in terms of the incentives they produce, rather than the aims they proclaim.