My distractions

Basic Economics

I recently read the book, Basic Economics by Thomas Sowell.

This is a great book on economics I think everyone should read. The logic of economics is important to guide understanding of the World around us and basic human behavior.

Here are some concepts he describes (often using entertaining examples):

Prices - Set by Supply and Demand

Scarcity vs Shortages

Production and price regulation

Risk and Resources

Profits and Losses

Efficiency in the market

Minimum Wage Laws

Money and Banking

International Trade



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