Bastiat in 2004, the book "starts out with a chapter discussing the subject matter and perspective of economics in terms of scarcity and trade-offs. In the introduction to the fifth edition, Sowell writes that he intends to write a book on economics that is written in plain English so that anyone can understand it. īasic Economics is focused on how societies create prosperity or poverty for their peoples by the way they organize their economies. The original subtitle was A Citizen's Guide to the Economy, but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy. 366 (first edition), 704 (fifth edition) (hardcover)īasic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000.
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