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Basics of economics thomas sowell6/24/2023 ![]() ![]() His explanation of the difference between prices and costs. Some of my favorite things of the book are: - His often repeated statement is his definition of economics: Utilization of scarce resources which have alternative uses. Even if you don't agree with his explanations, you will still come out of this book with a better understanding of economics as you would have to come up with a logical reason to disagree with him, because his beautiful explanations and examples are essentially devoid of emotion, which is a very good thing. Everything he says is very well supported either using simple logic, hypothetical situations and many real world international and domestic examples. Sowell expertly explains economics in this 25 hour long monster in a way that everyone can understand and enjoy. ![]() People say that is all the time, but this REALLY NEEDS to be required reading (listening in this case), and here is why: Mr. ![]()
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