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April 14, 2021

Basic Economics, by Thomas Sowell (Economics teaches you how to make better decisions)

Basic Economics, by Thomas Sowell (Economics teaches you how to make better decisions)

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.