Millions have learned sound economics from this classic, written at the close of World War II. Written for the non-academic, it has served as the major antidote to left-liberal fallacies in the popular press, and has appeared in dozens of languages and printings. It's still the quickest way to learn how to think like an economist.
This book is so clearly written and easy to understand that many free market activists use it as an outreach tool!
The contents:
- A Foreword by Steve Forbes
- Part One: The Lesson
- Part Two: The Lesson Applied
- The Broken Window
- The Blessings of Destruction
- Public Works Mean Taxes
- Taxes Discourage Production
- Credit Diverts Production
- The Curse of Machinery
- Spread-the-Work Schemes
- Disbanding Troops and Bureaucrats
- The Fetish of Full Employment
- Who's "Protected" by Tariffs?
- The Drive for Exports
- "Parity" Prices
- Saving the X Industry
- How the Price System Works
- "Stabilizing" Commodities
- Government Price-Fixing
- What Rent Control Does
- Minimum Wage Laws
- Do Unions Really Raise Wages?
- "Enough to Buy Back the Product"
- The Function of Profits
- The Mirage of Inflation
- The Assault on Savings
- The Lesson Restated
- Part Three: The Lesson After Thirty Years
ISBN 978-0-517-54823-3
218 pp. (pb)