Description
Subtitled, “the Shortest and Surest Way to Understand Basic Economics,” this book’s author is considered one of the best of the Austrian School. He destroys the fallacies of Keynesian socialism advocated by the Republican and Democratic party and implemented via the federal reserve and other departments of the General Government. In simple terms, he explains free market principles, how they could and should be implemented, and what we could expect if they were.
Over one million copies have been sold. Endorsed by Ayn Rand.
TABLE OF CONTENTS
- Preface to the New Edition
- Preface to the First Edition
Part One: The Lesson
- The Lesson
Part Two: The Lesson Applied
- The Broken Window
- The Blessings of Destruction
- Public Works Mean Taxes
- Taxes Discourage Production
- Credit Diverts Production
- Spread-the-Work Schemes
- Disbanding Troops and Bureaucrats
- The Fetish of Full Employment
- Who’s “Protected” by Tariffs?
- The Drive for Exports
- “Parity” Price
- 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”
- Three Function of Profits
- The Mirage of Inflation
- The Assault on saving
- The Lesson Restated
Part Three: The Lesson After Thirty Years
- The Lesson After Thirty Years
A Note on Books
Index
