Basic Economics

By Thomas Sowell,

Book cover of Basic Economics

Book description

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…

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Why read it?

1 author picked Basic Economics as one of their favorite books. Why do they recommend it?

This is probably the best lay introduction to economics that I've read. If you have opinions about the vices or virtues of capitalism, liberalism, socialism, or inequality, it offers a rigorous discussion of the underlying considerations.

Sowell is probably best known for his discussions on race, but in Basic Economics, his ability to explain, well, basic economic intuitions and thinking, really shines. Anyone opining on policy should read it.

From Michael's list on changing how you see the world.

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