---
product_id: 80635888
title: "BASIC ECONOMICS"
price: "SAR 144"
currency: SAR
in_stock: true
reviews_count: 8
url: https://www.desertcart.com.sa/products/80635888-basic-economics
store_origin: SA
region: Saudi Arabia
---

# Global economic insights & case studies Top #4 Economic Theory Bestseller 4,875+ 5-star Reviews BASIC ECONOMICS

**Price:** SAR 144
**Availability:** ✅ In Stock

## Summary

> 📘 Your essential economic playbook for mastering the market mindset

## Quick Answers

- **What is this?** BASIC ECONOMICS
- **How much does it cost?** SAR 144 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.com.sa](https://www.desertcart.com.sa/products/80635888-basic-economics)

## Best For

- Customers looking for quality international products

## Why This Product

- Free international shipping included
- Worldwide delivery with tracking
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## Key Features

- • **Timeless Wisdom:** Learn from legendary economists like Adam Smith, Keynes, and Friedman in one volume.
- • **Global Case Studies:** Deep dives into India, China, Europe & Africa reveal economic geography’s impact.
- • **Data-Driven Insights:** Explore decades of empirical evidence challenging government intervention myths.
- • **Morality Meets Markets:** Discover why ethics and economics must be taught together for real-world success.
- • **Master the Fundamentals:** Unlock core economic principles that shape global markets and policies.

## Overview

Basic Economics by Thomas Sowell is a critically acclaimed bestseller that demystifies complex economic concepts with clear, data-backed analysis. It challenges popular myths about government intervention, explores global case studies from India to Europe, and emphasizes the vital role of morality in economics. With over 4,800 five-star reviews and top rankings in Economic Theory and Political History, this book is a must-read for professionals seeking to understand the forces shaping today’s economy.

## Description

Basic Books

Review: "I hate the mention of the very word profit" - Jawaharla Nehru (India's first Prime Minister) - if you want to read "one" book in economics then this is the one. Great book. Please read it cover to cover. “What each individual wills is obstructed by everyone else, and what emerges is something that no one willed.”― Engels Friedrich Thomas Sowell breaks down the myth that Govt knows the best in his treatise aptly named basics economics. Furthermore, he proves through data that most actions taken by the govt show its effects many years or even decades after incumbent politicians are gone thus they themselves have never pay the price their own follies. Unlike the "govt" a Business will go "bust" within a few months if it doesn't allocate capital appropriately. The euro tunnel and Concord plane were both colossal sink holes but the govt continued its hemorrhage policy because it pandered to "good" press. He covers India and China in detail. Nehru quotes “I hate the word profit” This was the pernicious mindset which led India to a socialist and nationalization path which kept India poor for a very long time even after independence. Meanwhile China also suffered immensely under the “socialist” reforms under Mao and only emerged out of its poverty after Mao died and Deng Xiaoping reversed all those policies. Income inequality (or genie coefficient) and wealth gap are reasons made by politician to bring in reforms which ultimately don't benefit the poor, rather panders to their fear. Human capital cannot be re-balanced with redistribution of wealth. Case in point being the success of Marshall Plan after WW II where Germany was quickly able to recover from its dilapidated infrastructure because human capital is in the head and cannot be take away. Meanwhile the same massive "aid" programs in African nations never yielded any results because people "skills" were absent in those nations. Role of Location : Most rivers in western Europe flow to the sea meanwhile those in eastern Europe flow to the land and lakes making navigation and transport of goods very difficult. Consequently eastern Europe is less developed than western Europe. Africa has twice the landmass of Europe but only half the coastline because rivers in Europe have estuaries which increase touch points with land making navigation very convenient. In his opinion the best thing to do is "nothing" and keep the flow 'on' and allow the water to find it own level. The 1930 stock market crash and subsequent unemployment spike was exacerbated by subsequent govt action as evidence now indicate. Most problems in the world related poverty, malnutrition and its depredations are caused by populist action because people don't understand economics and can be manipulated by politicians who pander to their delusions. Economics and morality should be taught as essential subject in every schools because they are most important values of life. It is more important to understand some economics than to know how many planets revolve around the sun or salt analysis in a lab. Role of Morality : Thomas also postulates the as much as Adam Smith was a proponent of free markets he also was a professor of Morality. Morality is what separates the Wheat from the Chaff Mean. It is quite possible the profit seeking may lead to avarice and unscrupulous behavior. It may also mean the need for third party in transaction where trust is in deficit. Thus economics and morality should be taught a very young age. Shoplifting in India is much higher than in Europe. If people are taught to respect the self they tend to do well in their personal lives too. This is a great book and what I have mentioned about are only a few snippets from the book. There is chapter dedicated to Great economist like James Steuart, Adam Smith, David Ricardo, Thomas Malthus,John Stuart Mill, Alfred Marshal, John Maynard Keynes, Milton Freedman. Economics back then was a political subject and did not concern with the lives of common citizens. Its funny that some of the concepts like demand and supply and their relationship were developed as late s 1890 by Alfred Marshall. Great book. Please read it cover to cover.
Review: Good quality paper and binding - Started reading...good explanation of basic economics concepts

## Features

- Basic Books

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #12,024 in Books ( See Top 100 in Books ) #3 in Comparative #4 in Economic Theory (Books) #5 in Political History |
| Customer Reviews | 4.8 out of 5 stars 4,875 Reviews |

## Images

![BASIC ECONOMICS - Image 1](https://m.media-amazon.com/images/I/61G6k7Hv6UL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ "I hate the mention of the very word profit" - Jawaharla Nehru (India's first Prime Minister)
*by S***Y on 29 October 2022*

if you want to read "one" book in economics then this is the one. Great book. Please read it cover to cover. “What each individual wills is obstructed by everyone else, and what emerges is something that no one willed.”― Engels Friedrich Thomas Sowell breaks down the myth that Govt knows the best in his treatise aptly named basics economics. Furthermore, he proves through data that most actions taken by the govt show its effects many years or even decades after incumbent politicians are gone thus they themselves have never pay the price their own follies. Unlike the "govt" a Business will go "bust" within a few months if it doesn't allocate capital appropriately. The euro tunnel and Concord plane were both colossal sink holes but the govt continued its hemorrhage policy because it pandered to "good" press. He covers India and China in detail. Nehru quotes “I hate the word profit” This was the pernicious mindset which led India to a socialist and nationalization path which kept India poor for a very long time even after independence. Meanwhile China also suffered immensely under the “socialist” reforms under Mao and only emerged out of its poverty after Mao died and Deng Xiaoping reversed all those policies. Income inequality (or genie coefficient) and wealth gap are reasons made by politician to bring in reforms which ultimately don't benefit the poor, rather panders to their fear. Human capital cannot be re-balanced with redistribution of wealth. Case in point being the success of Marshall Plan after WW II where Germany was quickly able to recover from its dilapidated infrastructure because human capital is in the head and cannot be take away. Meanwhile the same massive "aid" programs in African nations never yielded any results because people "skills" were absent in those nations. Role of Location : Most rivers in western Europe flow to the sea meanwhile those in eastern Europe flow to the land and lakes making navigation and transport of goods very difficult. Consequently eastern Europe is less developed than western Europe. Africa has twice the landmass of Europe but only half the coastline because rivers in Europe have estuaries which increase touch points with land making navigation very convenient. In his opinion the best thing to do is "nothing" and keep the flow 'on' and allow the water to find it own level. The 1930 stock market crash and subsequent unemployment spike was exacerbated by subsequent govt action as evidence now indicate. Most problems in the world related poverty, malnutrition and its depredations are caused by populist action because people don't understand economics and can be manipulated by politicians who pander to their delusions. Economics and morality should be taught as essential subject in every schools because they are most important values of life. It is more important to understand some economics than to know how many planets revolve around the sun or salt analysis in a lab. Role of Morality : Thomas also postulates the as much as Adam Smith was a proponent of free markets he also was a professor of Morality. Morality is what separates the Wheat from the Chaff Mean. It is quite possible the profit seeking may lead to avarice and unscrupulous behavior. It may also mean the need for third party in transaction where trust is in deficit. Thus economics and morality should be taught a very young age. Shoplifting in India is much higher than in Europe. If people are taught to respect the self they tend to do well in their personal lives too. This is a great book and what I have mentioned about are only a few snippets from the book. There is chapter dedicated to Great economist like James Steuart, Adam Smith, David Ricardo, Thomas Malthus,John Stuart Mill, Alfred Marshal, John Maynard Keynes, Milton Freedman. Economics back then was a political subject and did not concern with the lives of common citizens. Its funny that some of the concepts like demand and supply and their relationship were developed as late s 1890 by Alfred Marshall. Great book. Please read it cover to cover.

### ⭐⭐⭐⭐⭐ Good quality paper and binding
*by A***P on 10 October 2025*

Started reading...good explanation of basic economics concepts

### ⭐⭐⭐⭐⭐ A book which even a layman can understand.
*by R***N on 3 March 2024*

A book on economics, written in a lucid style.

## Frequently Bought Together

- Basic Economics
- Economic Facts and Fallacies, 2nd edition
- Social Justice Fallacies

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*Last updated: 2026-04-25*