Basic Economics

A Citizen's Guide to the Economy

Basic Economics is an introductory guide to economic principles written for the general public by Thomas Sowell. The book explains market forces, prices, wages, and international trade without relying on complex mathematical graphs or technical jargon. It examines economic policies such as rent control and government regulations through historical and practical examples. The central theme explores how market incentives drive resource allocation and societal outcomes.

by Thomas Sowell

Basic Books · First published 2000 · 366 pages