Topic: Economics
Recommended Reading If you want to know why free markets are not only compatible, but essential to political freedom, read on.by Billy Joe
(libertarian)
Saturday, December 29, 2007
Economics is called the "dismal science," but it doesn't have to be a dismal subject to study. Several good books have been written that will give the layman a grasp of the basics . Here are a few of my favorites:
ECONOMICS IN ONE LESSON by Henry Hazlit. An oldie but a goodie. It focusses on unseen consequences of market interference.
THE ARMCHAIR ECONOMIST by Stephen Landsburg. Avery thought-provoking and funny approach to solving everyday problems and economic mysteries.
CAPITALISM AND FREEDOM by Milton friedman. Nobel Prize-winning economist talks about the relationship between political and economic freedom. Possibly the most powerful roadmap to prosperity in print.
THE WEALTH OF NATIONS by Adam Smith. This is the book that started it all. First published in 1776, it ensures Smith's place in history alongside Newton and Bacon as a scientific giant.
THE ROAD TO SURFDOM by Frederic Hayek. Written in the early twentieth century, this book prophesizes about almost all the economic problems we are experiencing today.
Other economic reading:
Columns by Georgtown professors Walter Willliams and Thomas Sowell at Townhall.com
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Some additional "good reading" on economics would be almost anything by R. Buckminster Fuller, aka "Bucky" of geodesic dome fame. He taught me that one of the fundamental economic ideas is the importance of energy and of using design/invention to do more with less resources.
Another pervasive concept that Bucky taught is that the world is not a zero-sum game - through cooperation and application of design, there is a great abundance of wealth to go around.
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