Basic Economics is a citizen's guide to economics, designed for those who wish to understand how the economy functions without diving into jargon or equations. Thomas Sowell unveils the general principles that drive any type of economy, whether it be capitalist, socialist, or feudal.

In a clear and readable language, Sowell demonstrates how to critically assess economic policies based on the incentives they create, rather than the objectives they claim to achieve. The book provides clear explanations of the entire economic field, covering topics from rent control and the rise and fall of businesses to the international balance of payments.

This is the go-to book for anyone eager to grasp how the economy works, offering insights in a relaxed and enjoyable manner.