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Basic Economics: A Common Sense Guide to the Economy

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The bestselling citizen’s guide to economics

“Thomas Sowell is the nation’s greatest living economist.” —
American Spectator

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. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic polici...