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"Clear and concise.Among economists of the past thirty years, [Sowell] stands very proud
indeed."Wall Street Journal

"Basic Economics is not only valuable for a general lay-person audience, it would also benefit lawyers,
politicians, and, yes, economists, as well."Washington Times

Basic Economics has been written with the thought that learning economics should be not only a relaxed
experience but also an enjoyable one.

This is the revised and expanded edition of a new kind of introduction to economics for the general publicwithout
graphs, statistics, or jargon. However, the enlargement of this edition is not just more of the same. In addition to
being updated, Basic Economics has also become more international, with the inclusion of economic problems
from more countries around the world because the basic principles of economics are not confined by national borders.
Each chapter reflects the experiences of many different peoples and cultures.

Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University, and the recipient of many awards, including the Bradley Prize in 2003. During his long career at numerous academic institutions and think tanks he has taught and written about economics and a wide variety of issues and controversies. His articles have appeared in various journals and newspapers, including Forbes, Fortune, Newsweek, Time, New York Times, Wall Street Journal, and Washington Post, among others.