Basic Economics

Learn about the principles of different economic systems in Basic Economics. Written for those who want to understand the economy without the jargon, economist Thomas Sowell explains how to analyze economic policies based on their incentives rather than their goals. With clear explanations of everything from rent control to international trade, this book is perfect for those seeking to understand how the economy functions. The fifth edition includes a new chapter on the disparities of wealth and income between countries. Using real-world examples and plain language, Sowell breaks down the basics of economics for readers of all backgrounds.