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It's an excellent introduction for anyone unfamiliar with economics. The unintended consciences of subsides, unions, and wage controls. Why governments are inefficient at allocating resources. He uses examples throughout the book to help explain all of his theories, which will debunk many widely held beliefs. The premise is of the book is that there are a limited number of resource and economics explains how those resources are allocated in a economy. He explains why price and rent controls don't work. Why the banking system is a fundamental part of the economy, why trade deficits don't reflect a nation's economy strength, and the benefits of immigration.
He uses real situations, telling you what happened and why it succeeded or failed. Thomas Sowell is a master at taking complicated subject matter and making it easy to understand. This is a resource for every American to understand how the world works.
I wish our politicians also read this book. We need all voters to read this book before casting their vote. The book is excellent, covering many economic topics in basic terms and giving lots and lots of historic examples for the points he makes.
The book includes modern day and historical examples that make understanding the principles of economics interesting and relevant. Basic Economics by Thomas Sowell is an excellent book that provides anyone interested in economics a wonderful and practical understanding of the subject. I recommend it.
Fine. But he is a radical (or reactionary) cherry-picker, using only specific cases that suit the conclusion he has pre-determined. As a few others have noted, Sowell's Basic Economics would be better called "Basic Conservative Economic Dogma". He rights well and pretty concisely (given the standard gabbing in economics -- remember Greenspan).
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