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 general principles behind any kind of
economy-capitalist, socialist, feudal, and so on. In readable language,
he shows how to critique economic policies in terms of the incentives
they create, rather than the goals they proclaim. With clear explanations
of the entire field, from rent control and the rise and fall of businesses
to the international balance of payments, this is the first book for anyone
who wishes to understand how the economy functions.

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