Basic Economics, Fifth Edition is a commonsense guide to the economy. Authored by renowned economist Thomas Sowell, this book offers readers an understandable look at how the economy works. From money and banking to market analysis and global trade, Basic Economics explains it all in straightforward language that anyone can understand. Whether you’re a business owner or simply interested in understanding today’s complex economic landscape, Basic Economics is an essential resource for enlightenment.
For who is this book for ?
Basic Economics, Fifth Edition is a commonsense guide to the economy written by renowned economist Thomas Sowell. This book is for people who want an understandable look at how the economy works. It explains money and banking, market analysis, and global trade in straightforward language that anyone can understand. If you’re a business owner or just interested in understanding today’s complex economic landscape, Basic Economics is essential reading.
Pros :
- Thomas Sowell is a renowned economist and this book offers readers an understandable look at how the economy works.
- Basic Economics explains it all in straightforward language that anyone can understand, making it an essential resource for enlightenment.
- This book is thoroughly researched and provides readers with a broad overview of economics, from money and banking to market analysis and global trade.
Cons :
- The author is conservative and biased
- The book can be dense and difficult to read for those not familiar with economics
- It does not provide solutions, only explanations
Learn more about the author
Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. He has published extensively in both economics and law journals. His latest books are The Einstein Syndrome: Bright Children Who Can’t Keep Up (2002) and Black Rednecks and White Liberals (2005).
Reader Reviews
“This is not a book about politics. It is a book about economics – how the economy works, what affects it, and why.”
“A masterpiece of economic thought.”
“This is not a book written to make somebody feel good about the economy. It tells it like it is and helps you understand what you need to do in order to protect yourself.”
“Clear, concise, and easy to understand. This is an excellent introduction to Economics.”
