Why Every Trader Should Read Basic Economics by Thomas Sowell
A surprisingly useful book that’ll sharpen how you think about markets
Short and sweet today, a book recommendation.
But this time, not a trading book…. no no.
This one’s from Peter Daniel.
My pal, Level Up call host, and trader of many decades (he threatens me with violence if I reveal the exact number… don’t you Peter 
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THOMAS SOWELL
We were mid-curry at our favourite spot, praising capitalism, bashing socialism, as traders do… When he said:
“Have you read any of Thomas Sowell’s books?”
“What is he, a trader?” I asked, crunching on a poppadom.
“No, economist. Try his Basic Economics book”
Basic Economics? Is he taking the p*&@!?
But Peter insisted.
“No, honestly, it’s a really good read, it makes you think about things differently. Supply and demand, pricing, it’s not a trading book but it’s well worth your time”
Now, Peter’s not a man to make recommendations lightly, and I trust his judgement, so I ordered it on the spot.
And… It’s superb.
Sowell strips away jargon, tells brilliant stories, and gets you thinking differently about how prices form, why markets behave the way they do, and what actually moves the economy.
As a trader, do you need to read it?
No.
But should you?
I reckon yes.
Understanding supply and demand at a deeper level helps, even if it just sharpens how you see price.
And knowing how the bigger machine works? Can’t hurt, right?
Give it a look. Basic Economics by Thomas Sowell. Cheers, Peter.