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