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Author: Henry Hazlitt Publisher: Crown Currency ISBN: 0307760626 Category : Business & Economics Languages : en Pages : 220
Book Description
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
Author: édéric Bastiat Publisher: ISBN: 9781468018790 Category : Business & Economics Languages : en Pages : 172
Book Description
Frédéric Bastiat was the author of many works on economics and political economy, generally characterized by their clear organization, forceful argumentation, and acerbic wit.Among his better known works is "Economic Sophisms", which contains many strongly worded attacks on statist policies. Contained within "Economic Sophisms" is the famous satirical parable known as the "Candlemakers' petition" which presents itself as a demand from the candlemakers' guild to the French government, asking the government to block out the Sun to prevent its unfair competition with their products. Bastiat's argument cleverly highlights basic flaws in protectionism by demonstrating its absurdity through logical extremes.This edition of "Economic Sophisms" is an adaptation of "Sophismes Économiques" by Emile Walter, specifically designed for the American reader.Contents:IntroductionPlenty And ScarcityObstacles To Wealth And Causes Of WealthEffort-ResultEqualizing Of The Facilities Of ProductionOur Productions Are Overloaded With Internal TaxesBalance Of TradeCandlemakers' PetitionDiscriminating DutiesA Wonderful DiscoveryReciprocityAbsolute PricesDoes Protection Raise The Rate Of Wages?Theory And PracticeConflict Of PrinciplesReciprocity AgainObstructed Rivers Plead For The ProhibitionistsA Negative RailroadThere Are No Absolute PrinciplesNational IndependenceHuman Labor-National LaborRaw MaterialMetaphorsEinstein Books' edition of "Economic Sophisms" includes supplementary texts:* Essays On Political Economy"Essays On Political Economy" includes many of Bastiat's most important works, such as "The Law", "The Broken Window", and "That Which Is Seen, and That Which Is Not Seen".Contents:Capital and InterestThe Sack of CornThe HouseThe PlaneThat Which Is Seen, and That Which Is Not SeenI. The Broken WindowII. The Disbanding of TroopsIII. TaxesIV. Theatres, Fine ArtsV. Public WorksVI. The IntermediatesVII. RestrictionsVIII. MachineryIX. CreditX. AlgeriaXI. Frugality and LuxuryXII. He Who Has a Right to Work Has a Right to ProfitGovernmentWhat Is Money?The Law* A Few Quotations Of Frédéric Bastiat
Author: Daron Acemoglu Publisher: Currency ISBN: 0307719227 Category : Business & Economics Languages : en Pages : 546
Book Description
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.