Tag: USSR

Basic Economics V

Part II Industry and Commerce: 5: The Rise and Fall of Businesses [Please note: Thomas Sowell is informed by libertarian principles: the following is a précis of “Basic Economics”] Businesses rise and fall throughout human development. A&P grocery was the largest retail chain in any field, anywhere in the world. […]

Basic Economics II

[Please note: Thomas Sowell is informed by libertarian principles: the following is a précis of “Basic Economics”]PART I: Prices and Markets 2: The Role of Prices Prices dictate the underlying reality; the scarcity of resources. If you wanted to live in a beach house, your dreams would be stopped by […]