--- product_id: 80635888 title: "- BASIC ECONOMICS" price: "Esc 6960" currency: CVE in_stock: true reviews_count: 13 url: https://capeverde.desertcart.com/products/80635888-basic-economics store_origin: CV region: Cape Verde --- # Global economic insights Top #13 Economic Theory 4,900+ rave reviews - BASIC ECONOMICS **Price:** Esc 6960 **Availability:** ✅ In Stock ## Summary > 📊 Unlock the economy’s secrets before everyone else does! ## Quick Answers - **What is this?** - BASIC ECONOMICS - **How much does it cost?** Esc 6960 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [capeverde.desertcart.com](https://capeverde.desertcart.com/products/80635888-basic-economics) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Key Features - • **Economics Demystified:** No jargon, no equations—just clear, actionable insights. - • **Morality Meets Markets:** Explore how ethics shape economic behavior and trust. - • **Global & Historical Scope:** From feudalism to capitalism, understand economic systems worldwide. - • **Policy Critique Masterclass:** Learn to evaluate policies by incentives, not empty promises. - • **Wealth & Inequality Explained:** New edition dives deep into global income disparities. ## Overview Basic Economics by Thomas Sowell is a bestselling, jargon-free guide that breaks down complex economic principles into clear, relatable concepts. Covering everything from global economic systems to policy incentives and wealth inequality, this book equips readers with the tools to critically analyze economic issues shaping the world today. With over 4,900 five-star reviews and a top ranking in Economic Theory, it’s the essential read for professionals eager to master economics without the headache. ## 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. Review: Great read - Appreciate the quality of print Review: "I hate the mention of the very word profit" - Jawaharla Nehru (India's first Prime Minister) - 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 Friedrich Thomas 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. ## Features - Basic Books ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #18,412 in Books ( See Top 100 in Books ) #2 in Comparative #13 in Economic Theory (Books) #17 in Political History | | Customer Reviews | 4.8 out of 5 stars 4,916 Reviews | ## Images ![- BASIC ECONOMICS - Image 1](https://m.media-amazon.com/images/I/61Wx8GIMO1L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Great read *by K***L on 4 May 2026* Appreciate the quality of print ### ⭐⭐⭐⭐⭐ "I hate the mention of the very word profit" - Jawaharla Nehru (India's first Prime Minister) *by S***Y on 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 Friedrich Thomas 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. ### ⭐⭐⭐⭐⭐ Good quality paper and binding *by A***P on 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://capeverde.desertcart.com/products/80635888-basic-economics](https://capeverde.desertcart.com/products/80635888-basic-economics) --- *Product available on Desertcart Cape Verde* *Store origin: CV* *Last updated: 2026-08-26*