Basic economics in one volume

Thomas Sowell’s Basic Economics, now in it’s 5th edition, is one of my favorite economics texts for the lay reader.

This book gives you the equivalent of a college-level Economics 101 course. (And I should know: Economics was my undergraduate major.)

I will warn you: This book is long (about 700 pages) and parts of it are a little dry. But it is well worth the effort, if you want a basic understanding of how modern economies work.