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Essentials of Economics
After Hazlitt’s Economics in One Lesson, this might be the best introduction to Austrian economics or economics generally. It takes you to stage two in clear English. Once again, this was a text championed by Leonard Read of FEE.
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There are so many great lines in this book. I’m highlighting plenty of them, but this one jumped out at me as immediately worth sharing:
All that “just” means, at bottom, is “fit,” “suitable,” “appropriate.” The aim of justice, properly so called, is, as the Romans used to say, to give each his due (ius suum cuique tribuendi), and in order for each to be given what is his, it is necessary that it already belong to him; to “give,” in this sense, means to protect the right of possession.
“The black market in time of peace in countries more or less socialist, and in all countries in time of war, is, in fact, the real market and almost always involves direct barter transactions, since the scarcity of goods and services under such conditions causes people to consider money as of little worth.” ~ Faustino Ballvé, Essentials of Economics
This looks great. I’d just like to point out that the Mobi link is for https://s3.amazonaws.com/liberty-uploads/wp-content/uploads/2013/12/The-Rise-and-Fall-of-Society-Frank-Chodorov1.mobi and not for Essentials of Economics. I’ve used the Epub link and converted it with Calibre so it’s not an issue for me. But perhaps the link could be updated later on please. Thanks.
I love having access to these books.
Learn about Austrian economics from one of the best, Richard Ebeling.
http://www.fff.org/explore-freedom/article/introduction-austrian-economics-part-3/
