Originally published in 2000, this book from renowned economics professor Thomas Sowell explains how economics works, and how to understand the world through its theories.

Because we live in a world with limited resources, it's impossible to provide all human beings with everything they desire.

So how do we allocate resources? And how do we determine what to produce? This is where economics comes in.

According to Stanford University economics professor and social theorist Thomas Sowell, economics is the study of the use and distribution of the limited resources we have access to.

In Basic Economics, Sowell gives a comprehensive beginner's guide to the subject from a conservative, free-market perspective.

Originally published in 2000 and now in its fifth edition, the book is written in readable language free from jargon, graphs, and equations.

Sowell covers basic concepts such as supply and demand, the institutions of national and international economies, and the misconceptions surrounding this subject.