--- product_id: 80635888 title: "BASIC ECONOMICS" brand: "thomas sowell" price: "60684CFA" currency: XOF in_stock: true reviews_count: 13 url: https://togo.desertcart.com/products/80635888-basic-economics store_origin: TG region: Togo --- # Global economic systems explained Top #13 Economic Theory 4,979 Reviews, 4.8⭐ BASIC ECONOMICS **Brand:** thomas sowell **Price:** 60684CFA **Availability:** ✅ In Stock ## Summary > 📊 Unlock the economy’s secrets before your peers do! ## Quick Answers - **What is this?** BASIC ECONOMICS by thomas sowell - **How much does it cost?** 60684CFA with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [togo.desertcart.com](https://togo.desertcart.com/products/80635888-basic-economics) ## Best For - thomas sowell enthusiasts ## Why This Product - Trusted thomas sowell brand quality - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Key Features - • **Economics Demystified:** Clear, jargon-free insights for professionals craving real-world economic understanding. - • **Morality Meets Markets:** Discover why economics and ethics are inseparable for sustainable success. - • **Global & Historical Scope:** Explore capitalism, socialism, and more with vivid examples spanning centuries and continents. - • **Policy Critique Masterclass:** Learn to analyze economic policies by their incentives, not just their promises. - • **Wealth & Inequality Explained:** New edition dives into why nations differ vastly in wealth and income. ## Overview Basic Economics by Thomas Sowell is a bestselling, accessible guide that breaks down complex economic principles without jargon or equations. It covers diverse economic systems, critiques policies through incentives, and includes a new chapter on global wealth disparities. With nearly 5,000 glowing reviews and top rankings in economic theory and political history, this book is essential for professionals seeking to master the economic forces shaping our world. ## Description The bestselling citizen's guide to economicsBasic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English. ## Technical Specifications | Specification | Value | |---------------|-------| | Asin | 0465060730 | | Dimensions | 16.51 x 5.4 x 24.13 cm | | Edition | 5th | | Generic Name | Book | | Importer | Hachette India | | Isbn 10 | 9780465060733 | | Item Weight | 1 kg 50 g | | Language | English | | Net Quantity | 980.00 Grams | | Packer | Hachette India | | Print Length | 704 pages | | Publication Date | 2 December 2014 | | Publisher | Basic Books | ## Images ![BASIC ECONOMICS - Image 1](https://m.media-amazon.com/images/I/617LBWfT11L.jpg) ## Available Options This product comes in different **Format** options. ## Customer Reviews ### ⭐⭐⭐⭐⭐ "I hate the mention of the very word profit" - Jawaharla Nehru (India's first Prime Minister) *by on Reviewed in India 29 October 2022* if you want to read "one" book in economics then this is the one. Great book. Please read it cover to cover.“What each individual wills is obstructed by everyone else, and what emerges is something that no one willed.”― Engels FriedrichThomas Sowell breaks down the myth that Govt knows the best in his treatise aptly named basics economics. Furthermore, he proves through data that most actions taken by the govt show its effects many years or even decades after incumbent politicians are gone thus they themselves have never pay the price their own follies. Unlike the "govt" a Business will go "bust" within a few months if it doesn't allocate capital appropriately. The euro tunnel and Concord plane were both colossal sink holes but the govt continued its hemorrhage policy because it pandered to "good" press.He covers India and China in detail. Nehru quotes “I hate the word profit” This was the pernicious mindset which led India to a socialist and nationalization path which kept India poor for a very long time even after independence. Meanwhile China also suffered immensely under the “socialist” reforms under Mao and only emerged out of its poverty after Mao died and Deng Xiaoping reversed all those policies.Income inequality (or genie coefficient) and wealth gap are reasons made by politician to bring in reforms which ultimately don't benefit the poor, rather panders to their fear. Human capital cannot be re-balanced with redistribution of wealth. Case in point being the success of Marshall Plan after WW II where Germany was quickly able to recover from its dilapidated infrastructure because human capital is in the head and cannot be take away. Meanwhile the same massive "aid" programs in African nations never yielded any results because people "skills" were absent in those nations.Role of Location : Most rivers in western Europe flow to the sea meanwhile those in eastern Europe flow to the land and lakes making navigation and transport of goods very difficult. Consequently eastern Europe is less developed than western Europe. Africa has twice the landmass of Europe but only half the coastline because rivers in Europe have estuaries which increase touch points with land making navigation very convenient.In his opinion the best thing to do is "nothing" and keep the flow 'on' and allow the water to find it own level. The 1930 stock market crash and subsequent unemployment spike was exacerbated by subsequent govt action as evidence now indicate.Most problems in the world related poverty, malnutrition and its depredations are caused by populist action because people don't understand economics and can be manipulated by politicians who pander to their delusions. Economics and morality should be taught as essential subject in every schools because they are most important values of life. It is more important to understand some economics than to know how many planets revolve around the sun or salt analysis in a lab.Role of Morality : Thomas also postulates the as much as Adam Smith was a proponent of free markets he also was a professor of Morality. Morality is what separates the Wheat from the Chaff Mean. It is quite possible the profit seeking may lead to avarice and unscrupulous behavior. It may also mean the need for third party in transaction where trust is in deficit. Thus economics and morality should be taught a very young age. Shoplifting in India is much higher than in Europe. If people are taught to respect the self they tend to do well in their personal lives too.This is a great book and what I have mentioned about are only a few snippets from the book. There is chapter dedicated to Great economist like James Steuart, Adam Smith, David Ricardo, Thomas Malthus,John Stuart Mill, Alfred Marshal, John Maynard Keynes, Milton Freedman. Economics back then was a political subject and did not concern with the lives of common citizens. Its funny that some of the concepts like demand and supply and their relationship were developed as late s 1890 by Alfred Marshall.Great book. Please read it cover to cover. ### ⭐⭐⭐⭐⭐ great book on economics *by on Reviewed in India 15 August 2026* splendid book ,very technical but still a great read ### ⭐⭐⭐⭐⭐ Good quality paper and binding *by on Reviewed in India 10 October 2025* Started reading...good explanation of basic economics concepts ## Frequently Bought Together - Basic Economics - Economic Facts and Fallacies, 2nd edition - Social Justice Fallacies --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://togo.desertcart.com/products/80635888-basic-economics](https://togo.desertcart.com/products/80635888-basic-economics) --- *Product available on Desertcart Togo* *Store origin: TG* *Last updated: 2026-11-13*