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A review by lizardkidd
Basic Economics: A Common Sense Guide to the Economy by Thomas Sowell
5.0
A perfect introduction in economics; from the ideas of proper and improper pay for workers, how the economy changes depending on whether it is run via a free market or the monopoly of government; price controls; international trade, etc, and the implications of how each increment of change can significantly affect both the domestic and international economy.
Sowell is masterful in his laconic explanations of how the economy can crash under policies which are confidently voted in favour by the majority of a nation, yet have detrimental costs to said nation, usually under the pretences of political ideologies.
This book gives you a basic knowledge of what each economic decision can cost an industry, nation, market etc, by mapping out the ways in which a person must think - by ignoring emotional demagoguery and replacing it with objective methodological thought.
This book also had a ‘Questions’ section at the back, with over 100 economic-based questions, where the answers can be found by following the page numbers listed below, therefore perfect for studying.
Sowell is masterful in his laconic explanations of how the economy can crash under policies which are confidently voted in favour by the majority of a nation, yet have detrimental costs to said nation, usually under the pretences of political ideologies.
This book gives you a basic knowledge of what each economic decision can cost an industry, nation, market etc, by mapping out the ways in which a person must think - by ignoring emotional demagoguery and replacing it with objective methodological thought.
This book also had a ‘Questions’ section at the back, with over 100 economic-based questions, where the answers can be found by following the page numbers listed below, therefore perfect for studying.