![]() ![]() They function better than any other kind of system.īut why? What makes them deliver good performance? ![]() We all know that free markets enable economic growth and prosperity. He has taught economics at universities around the country and is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University. Thomas Sowell is an author exploring the topic of economics. ![]() We recommend “Basic Economics” for people interested in economics and politics, as well as all enthusiasts who want to understand the world we live in a bit better. However, his real goal is to explain how many of the societal catastrophes are a result of inadequate governmental politics. Sowell offers a simple and understandable explanation of the fundamentals of economics. Readers who are not already familiar with the work of Thomas Sowell should look for the praises packed in blurbs from The Wall Street Journal, the American Enterprise Institute and The Washington Times. Who Should Read “Basic Economics”? And Why? In today’s summary, we will explain just that – the basics. ![]() Whether we are interested in economics or not, it is part of our everyday lives. ![]()
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