With this fifth model of BasicEconomics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the globe into clearer focus through a basicunderstanding of the essential economic principles and exactly how they explain ourlives. Sketching on lively examples from all over the world and from decades ofhistory, Sowell clarifies basic economic concepts for everyone inplain English.

Basic Economics,which has now been translated into six languages and has extra materialonline, remains accurate to its core principle: that the fundamental facts andprinciples of economics do not require jargon, graphs, or equations and may belearned in a relaxed and even enjoyable way.