Lonki Hinsa
Basic Economics is a citizen’s guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy-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.
It's really difficult to surprise me, but Thomas manages to consistently blow my mind.
“Knowledge is one of the most scarce all of all resources…” -Thomas Sowell
I knew zip about economics before stumbling upon Sowell. Simply priceless ??
Whole western "economics" is an attempt to hide Marxs economic theory.
It hides capitalists need for constant market expansion and the crushing demand drop.
I m not saying you should ignore any, I m saying after you ve done this one go read Marx and you will see the difference.
2:04:00
1:23:40
3:37:00 what a great listen so far.
ignore this comment, this is intended to be used as a book mark, 48:00
If you turn this information into a drug, the Democrats might get it, and get right.
Where's part 2?
Who told you that in SU the restaurants was bad ? ????
I think you dont know about what are talking . Or you think all people are stupid .
What you talking about photographs , who cares abut thst. Talk about thst in this country People have absolutely no rights. Are you serious ?
Everything i heard seems to me so ridiculous .
Who first arrived on the Moon ? What are you talking about man ?
wait, it's all scarce resources which have alternative uses?
. . .
always has been
Its unbelievable that economics isn’t a required class in high schools considering we end up determining economic policy via voting.
We the Widget Labor rights union approve of this book.
Now how do we disseminate this knowledge to seven billion people?
Will never be read by Democrat or socialist bastards?
Bookmark: 4:30:00
The only thing that would’ve made this amazing video slightly better:
Thomas Sowell’s actual voice reading his words.
(Lol no disrespect to the gentleman reading it, he’s done a fine job).
4:00:28
dare i go further and say all polices need to be analyzed by the incentives they create rather than the hopes that inspired them
Thank you ☺️
India and China were NOT historically two of the poorest nations on Earth. In fact, they were the economic center for decades! China invented paper…. And paper money along with it, they Invented gunpowder, the compass….
An excellent book
Economics made easy
Economics for everybody
Thanks
For those that want to know this Audio Book only goes up to Page 252, about midway through Chapter 12 of the Fifth edition which has 27 chapters.
3:47:20 he tried so hard not to laugh at the canned his own salmon lol
I'm surprised the author didn't ask me to donate for Apple and Amazon
2020 ahhh, learning as I go!! Truly blessed!! & everyone should be to!! ❤️??
bullsmoke
the economy is controlled by the CBD.. central bank dynasty..
emperor jack runs the CBD..
CBD own all central banks.. issue all currencies… on track to rule the world…
die falscher LENDS
government spends
makes i r s extract
to pay the loanshark back