“Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.”
Quote by Thomas Sowell
Work
Basic Economics: A Citizen's Guide to the Economy
This book provides a clear and accessible introduction to the fundamental principles of economics, covering topics such as supply and demand, market structures, and economic policy. It aims to equip readers with the knowledge necessary to make informed decisions as citizens in an economic system. more
Author
Thomas Sowell
Thomas Sowell is a renowned economist, born on June 30, 1930. His research spans across various fields such as economic policy, race, and social issues, having a profound impact on economics and the social sciences. more
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