Basic Economics- A Citizen's Guide to the Economy
Most of us are necessarily ignorant of many complex fields, from botany to brain surgery. As a result, we simply do not attempt to operate in, or comment on, those fields. However, every voter and every politician that they vote for affects economic policies. We cannot opt out of economic issues and decisions. Our only options are to be informed, uninformed, or misinformed… Summary Economics touches everyone’s life, often before we even realize it. Most opinions on economic issues emerge from personal experiences rather than formal theory. For instance, you notice higher tomato prices long before contemplating global vegetable markets or thin-inventory economies. Thomas Sowell’s Basic Economics provides an insightful primer on economic principles, helping readers understand the broader context behind everyday economic experiences. ...