Basic Economics by Thomas Sowell Book Review

In this video, I'll review "Basic Economics" by Thomas Sowell. I'll highlight the key themes and concepts covered in this comprehensive introduction to economics. We'll discuss Sowell's clear explanations of fundamental economic principles, including supply and demand, the role of prices, and the impacts of government policies. The book also explores real-world applications and examples, making complex ideas accessible and relatable. By the end, you'll have a thorough understanding of the core ideas presented in "Basic Economics" and how they can help you better understand the economic forces shaping our world.

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[bane]

This is 1 of the best economics books I have ever read. It was 1 of the first books i read in economics.

[joe-yoy]

In the comments I read a lot of hate of an extremely well-educated black man who has had vast success outside of academics which is an anathema to those inside the clustered walls of academics.

[maryj]

I liked this review, it was simple and straightforward and it was nice to see the pages of your book. Makes me laugh that some people get so heated about different opinions on the same topic, which is inherently nonsensical, and they come to comment on a review of a book they didn't even like in the first place.😂

[NabankeShra-rg]

I want to download that whole book but I have failed

[pedromacias]

Economnics as a whole is objective. This book is just a logical view of it. Given that ive read it.

[svengroot]

Sowell is a legend and the book is a very good introduction to the (neoclassical approach towards the) discipline!

[WittyUsernamehere]

Thank you for the recommendation. I will be purchasing this book shortly.

[KensleyHomeschool]

Modern Day examples in the United States:
►Green Energy - Look up Losses
►Solyndra solar panels - Look up History
►Electric Vehicles - Why EVs Are ‘Piling Up’ at Dealerships, Despite Massive Taxpayer
►WNBA - Cited online -- 10 Million a year loss since League Began 20 years ago -- 2024 expected to lose 40 Million
If your business lost 10+ Million every year, would you still be in business?

[LinuxHurts]

Curious, does he advocate for a particular economic school of thought? Austrian, Keynesian, etc?

[noirekuroraigami]

Its more of a political book than an actual economics book

[juliempankinn]

Please keep in mind that this book is heavily ideological, with a strong bias towards unregulated markets, and is infamous among economists for its very limited portrayal of economics. at certain points it is just straight up propaganda

[JimArdal]

Sowell's racist and conservative political positions should have been mentioned here. This book is in no way an objective or fair introduction. There are far better undergrad textbooks which do a much better job, and many more pop lit books which offer more even-handed introductions.