Books Basic Economics  by Thomas Sowell

"Basic Economics" by Thomas Sowell is a widely accessible guide to understanding how economies function without relying on jargon or complex mathematics. The book explains fundamental economic principles using clear language and examples, focusing on how scarcity, trade-offs, prices, and incentives shape economic behavior across different systems—capitalist, socialist, or otherwise.

Sowell covers major concepts such as how prices coordinate supply and demand, the role of profits and losses in driving business efficiency, and how government interventions like price controls and subsidies often produce unintended negative consequences. He emphasizes that economic outcomes are influenced more by incentives created than by the stated intentions of policies.