Dec 2, 2014 · Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he …

The basic principles of economics are not hard to understand but they are easy to forget, especially amid the heady rhetoric of politics and the media. The vivid examples used …

May 5, 2019 · Economics studies how people use resources, like money, and affects our everyday lives. Microeconomics looks at individual markets, while macroeconomics looks at …

In a 2004 review of the second edition for Cato Journal, R. Bastiat dubbed Basic Economics "an exhilarating tour of the fundamentals of microeconomics, macroeconomics, financial markets, …

Economics is a social science discipline that investigates how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited desires and …

Explore the basic concepts of economics, such as scarcity, opportunity cost, supply and demand, and how they shape economic decisions.

Guide to Economic Concepts. We explain the list of 10 basic economic concepts: scarcity, supply-demand, incentives, trade-off, etc.

Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Thomas Sowell explains the …

Jan 1, 2000 · Basic Economics is a citizen's guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the …

Learn how different types of economies make decisions about what to produce and how to distribute resources. We'll introduce key concepts like opportunity costs, trade-offs, and …