In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense 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.
Opens your eyes
If I ran the American school system, this book would be the first one every single student would be required to read. Sowell’s deep insight and clarity in explaining economic principles will completely change how you see the world.
Economics for the everyday man
Thomas Sowell has become one of the most influential and thought-provoking economists of the 20th century. In ‘Basic Economics’, Sowell explains economics in a down to earth way that keeps the reader interested with his unique wit and insight to Economics and how it affects our lives, politics, and society in general. Sowell is skillful in his delivery in which he uses mounds of empirical data and Social/Economic truths to explain his point. This book is NOT an ‘Economics 101’ Class. This is an insightful deep dive into history, politics, sociology, and how Economics not only plays a part in our world, but IS our world. His character and writing style makes a potentially boring subject into a very interesting,satisfying, and entertaining experience. I would highly recommend ‘Basic Economics’ as well as all other works by Thomas Sowell.