Here is another gem from his book “Basic Economics” (2000): “Another reason for public support for protectionism is that many economists do not bother to answer either the special interests ...

Basic Economics is Sowell’s most popular book. It has vastly improved since the first edition was released in 2000 by Basic Books in New York.

Ben Chu’s Exile Economics: What Happens If Globalisation Fails (Basic Books £25) reinforces Norberg’s findings.

However, while the book is useful if you know little about either the US economy, or economics in general, those more familiar with the subject may find it a bit basic. As Trent Hamm of the ...