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Basic Economics
by Thomas Sowell

Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

4.8 stars on Amazon

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Thomas Sowell
Life does not ask us what we want. It presents us with options. view tweet
Thomas Sowell
Much confusion comes from judging economic policies by the goals they proclaim rather than the incentives they create. view tweet

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