Basic Economics. Book Summary

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Thomas Sowell

What’s inside

Basic Economics is a general introduction to economics that is neither focused on mathematical models nor filled with complex diagrams. Instead, Thomas Sowell shares basic principles of economics in a way that the average person can understand. The book is divided into six sections that cover the fundamentals of the subject, providing clear examples to illustrate economic principles.

You’ll Learn

  • Gain a solid understanding of basic economic principles
  • Understand the impact of government policies on the economy
  • Learn about the influence of cultural differences on economics
  • Develop a global perspective on economics

Key Points

  • Understanding the Basics of Economics
  • Supply and Demand Principles
  • Understanding Prices and Markets
  • The Role of Government in Economics
  • The Global Economic Environment
  • The Impact of Cultural Differences on Economics
  • Economic Policies and Their Effects

Who’s it For

  • Economics students
  • Business professionals
  • Policy makers
  • General readers interested in economic principles

About the author

Thomas Sowell is a renowned economist, social theorist, and Senior Fellow at the Hoover Institution, Stanford University. He has published more than thirty books covering various economic, social, and political topics.