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Basic Economics by Thomas Sowell — WisdomDeck honest review
Honest review · Money

Basic Economics

by Thomas Sowell

Sowell's thick, equation-free introduction: prices, markets, labor, time, risk, national economies. Market-oriented, plain-spoken and thorough.

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Read it if…

you want a comprehensive, jargon-free economics text.

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Skip it if…

you want a short read; see Hazlitt.

Try instead: The Wealth of Nations →

Three things you will actually use

  1. Prices carry information.
  2. Scarcity forces trade-offs.
  3. Ask what happens next.

Do this first

Read the chapters on prices and on the role of profits.

Our verdict

Sowell's primer.

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