Basic Economics

For Liberty!---and occasional levity. Freedom Lessons is a meeting place to learn from and equip one another as we persuade others to embrace individual freedom. The goal? A lasting cultural preference for freedom, limited government, free markets, respect for the Constitution and rule of law, and a more sensible and strong national defense. That's all.

The task we take very seriously. Ourselves, well, not so much...

Basic Economics, A Citizen's Guide to the Economy
By Thomas Sowell
ISBN 13-978-0-465-08145-5

Are you a citizen and could use an experienced mentor on all matters of economics? If so, study Basic Economics.

Sparing the everyday reader charts, tables, academic jargon, and complex equations, Sowell lays out in plain terms the fundamental of free market economics. What is scarcity, and what happens to it under government price controls? What is the role of profits and losses, and what happens when government creates artificial influences on them? How do prices come to be and what role do they play in efficiently distributing scarce goods? What role should government have in the operations of a free market? What happens to our standard of living when government imposes price controls? Sowell addresses these and many more of the the economic issues that affect our daily lives.

Basic Economics gives the reader criteria with which to discern the oft-repeated economic fallacies and fables put forth by politicians in their quest to erode more and more of our freedoms as consumers and citizens.