Perhaps the best brief primer on economics ever penned, Ballve's little classic explains such basics as what economics is -- and is not -- all about, the role of the entrepreneur, the factors of production, money and credit, international trade, monopoly and unemployment, socialism and interventionism -- all from an "Austrian School" perspective, and all in 100 pages!

    Drawing on the seminal volume by the “Austrian School” economist Ludwig von Mises, Human Action, and comparing classical and neoclassical approaches, Choice is a creative, comprehensive, and unusually lucid book on economic science and market processes. The book illuminates free economies as underpinning civilization, the folly of government central planning, the primacy of entrepreneurship and innovation, the nature of money and banking, the causes of the business cycle, the failures of government intervention, and more. As a result, Choice teaches economic principles and exposes economic fallacies, and any reader will learn both the important truths about economics and the crucial value of individual choice, entrepreneurship, and free markets.

    Hayek is one of only a few social scientists over the past 200 years who thoroughly rethought the relationship between individual people and both the market and the state. While countless works have discussed the importance of Hayek and his ideas, none have focused on making his core ideas accessible to average people. This volume highlights and explains Hayek's basic insights in plain language to ensure that his critical ideas about the nature of society are both accessible and enduring.

    In "Profit and Loss," he explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price signals. His presentation is systematic, relentless, logical, and ultimately devastating to the opponents of profit and loss.He explains what it is that entrepreneurs confront in a market economy and how no bureaucratic institution can replicate the trial-and-error process that is at the heart of the market system. He weaves into his analysis the role of the consumer as the final arbiter of what is produced and distributed.Behind Mises's presentation was a burning desire to not only persuade the world but the attendees of the Mont Pelerin Society meeting in particular, whom Mises suspected were losing touch with core truths about the market order.The great merit of this essay is its brevity and passion. It explains the workings of what most people never think about or take for granted. Graduate students of economics have appreciated this essay for many years as the best summary of the technical side of the market. When it first appeared, it was as a monograph but it has been more than 50 years since it has been available in this format.

    17Ludwig von Mises, The Anti-Capitalistic Mentality (South Holland, ...

    The cure is a radical one because, as the book incontrovertibly shows, the many problems that confront us today are no accident. They stem from the nature of government itself. Only peaceful cooperation based on the free market can rescue us from our present plight.Against the State is written by Lew Rockwell, the founder of the Mises Institute and LewRockwell.com, and the closest friend and associate of Murray Rothbard, the leading theorist of anarcho-capitalism. Rockwell applies Rothbard’s combination of individualist anarchism and Austrian economics to contemporary America. The book shows how the government is based on war, both against foreign nations and against the American people themselves, through massive invasions of our liberties. Fueled by an out-of-control banking system, the American State has become in essence fascist. We cannot escape our predicament through limited government: the government is incapable of controlling itself. Only a purely private social order can save us, and Rockwell succinctly sets out how an anarcho-capitalist order would work.

    In this monograph, Austrian giants explain and defend the theory against alternatives. Includes essays by Mises, Rothbard, Haberler, and Hayek. In his later years, Professor Haberler distributed many of these monographs to friends and associates. New edition with an introduction by Roger Garrison and an index.

    The book also includes:- reviews of the contributions of the main Austrian economists, critical analysis of the major objections to Austrian economics and an evaluation of its likely future development- complete exposition on the concepts and implications of entrepreneurship and dynamic competition- a new concept of dynamic efficiency (as an alternative to the standard Paretian criterion) and a generalised definition of socialism (as a systematic aggression against entrepreneurship)- evaluation of the role of Spanish Scholastics of the 16th century as forerunners of the Austrian School, as well as the influence and contributions of the main Austrian Scholars of the 19th and 20th centuries.This book will most notably appeal to Austrian economists but also to other free market economists as well as researchers and academics of economic methodology, the history of economic thought, institutional economics and comparative economic systems.

    It is bold, innovative, radical, compelling, and shows how free-market economic theory is the clarifying lens through which to see the failures of the state & see the alternative that is consistent with human liberty. He shows that even the worst, off-the-cuff scenario of life under private ownership of roads would be fantastic by comparison to the existing reality of government-ownership. That is only the beginning of what Block has done. He has made a lengthy, detailed, and positive case that the privatization of roads would be socially optimal in every way. It would save lives, curtail pollution, save us (as individuals!) money, save us massive time, introduce accountability, & make transportation a pleasure instead of a pain in the neck. Because this is the first-ever complete book on this topic, the length & detail are necessary. He shows that this is not some libertarian pipe-dream but the most practical application of free-market logic. Block is dealing with something that confronts us everyday. And in so doing, he illustrates the power of economic theory to take an existing set of facts and help you see them in a completely different way. What's also nice is that the prose has great passion about it, despite the great scholarly detail. He loves answering the objections (aren't roads public goods? Aren't roads too expensive to build privately?) and making the case, fully aware that he has to overcome a deep and persistent bias in favor of public ownership. The writer burns with a moral passion on the subjects of highway deaths and pollution issues. His "Open Letter to Mothers Against Drunk Driving" is a thrill to read! The book comes together as a battle plan against government roads and a complete roadmap for a future of private transportation.

    Hans-Hermann Hoppe rests his argument on the Kantian idea of the "synthetic apriori" proposition, thereby expanding an aim of Mises's in the methodology section of Human Action.Hoppe is the Austrian School's most prominent methodologist, and here he is in top form. He combines a rigorous scientific explanation with fantastic passion and rhetoric.These lectures astonished students at the Mises University when they were first delivered. They were later turned into this monograph, which has been a staple of Austrian pedagogy ever since.

    The scholastics, he argues, established and developed the subjective utility and scarcity theory of value, as well as the theory that prices, or the value of money, depend on its supply and demand. This continental, or 'pre-Austrian' tradition, was destroyed, rather than developed, by Adam Smith whose strong Calvinist tendencies towards glorifying labour, toil and thrift is contrasted with the emphasis in scholastic economic thought towards labour in the service of consumption.Tracing economic thought from the Greeks to the Scottish Enlightenment, this book is notable for its inclusion of all the important figures in each school of thought with their theories assessed in historical context. Classical Economics, the second volume of Professor Rothbard's history of economic thought from an Austrian perspective, is also available.

    

    

    Gene Callahan shows that good economics isn't about government planning or statistical models. It's about human beings and the choices they make in the real world. This may be the most important book of its kind since Hazlitt's Economics in One Lesson. Though written for the beginner, it has been justly praised by scholars too, including Israel Kirzner, Walter Block, and Peter Boettke.

    His writings and theories on everything from capitalism and freedom to deregulation and welfare have inspired movements, influenced government policies, and changed the course of America’s economic history.Now, acclaimed Friedman biographer Dr. Lanny Ebenstein brings together twenty of Friedman’s greatest essays in his new book, The Indispensable Milton Friedman: Essays on Politics and Economics. The only collection of Friedman’s writings to span his entire career, The Indispensable Milton Friedman: Essays on Politics and Economics features some of Friedman’s never-before-republished writings as well as the best and most timeless of his works.These exceptional essays not only illuminate the progression of Friedman’s thought, but explain how America might overcome some of its most difficult challenges. Broken into two sections, politics and economics, The Indispensable Milton Friedman shows how we can ultimately turn America around, and is more necessary than ever during this critical election year and time of economic uncertainty.