Economics
Basic Economics
A Common Sense Guide to the Economy
by Thomas Sowell · 2000 · 5th edition 2014
The clearest introduction to economics ever written. No graphs, no jargon, just how the world actually works.
Clay's Take
Start here. Sowell explains how economies actually work without a single graph or equation. After this book, you'll never listen to a politician talk about the economy the same way again.
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Quotes from Basic Economics
6 verified quotes in the database
“Life does not ask us what we want. It presents us with options."”
p. 23
“In an increasingly global economy, Europeans and Americans might be very hesitant to buy telecommunications equipment made halfway around the world in South Korea. But, once the Samsung brand acquired...”
p. 1043-1044
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum w...”
“Human beings are going to make mistakes, whether in the market or in the government. The difference is that survival in the market requires recognizing mistakes and changing course before you go bankr...”
“But life does not ask us what we want. It presents us with options. Economics is one of the ways of trying to make the most of those options.”
More Books from Sowell
Economic Facts and Fallacies
2008 · Economics
Destroys the most popular economic myths one by one. Short chapters, sharp writing.
Knowledge and Decisions
1980 · Economics
His major work. The devastating case against central planning, built from one simple insight about knowledge.
The Vision of the Anointed
1995 · Politics & Society
Why smart people keep being wrong about everything, and why they never pay a price for it.
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