Basic Economics

A Common Sense Guide to the Economy

Recommended by Ben Shapiro, and 1 others. See all reviews

Ranked #2 in Libertarianism, Ranked #2 in Conservatismsee more rankings.

Basic Economicsis 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. Bestselling economist 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,... more

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Ben Shapiro [If you read this book and "Economics in One Lesson"] you'll know more than all or your classmates combined about the basic workings of free markets and economics. (Source)

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