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Many people feel intimidated by economics. They don’t have to. This book abandons the sophisticated equations, graphs, and jargons, but instead explains the most fundamental economic concepts in plain language. Economics analyzes the cause-and-effect relationship of economic activities, and aims to figure out how to best allocate scarce resources that have alternative uses. With economic thinking, we can make better decisions at each critical moment in life.
Thomas Sowell is one of the leading liberal economists in the United States and one of the main figures of the Chicago School of Economics. A graduate of Harvard University, he is now a senior fellow at Stanford University's Hoover Institution. He has taught economics at Cornell University and the University of California and served as a government advisor on economics. Sowell has won numerous awards throughout his career, including the National Humanities Medal and the Bradley Prize.
