This little book was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain life-changing understanding of how the economy works in practically no time. Per Bylund will make you excited about what economics has to offer. Because economic literacy is mind-opening. Sound economic reasoning is an enormously powerful tool for understanding both the economy and society. Economic literacy uncovers what is going on under the surface and why things work out as they do. There is no magic to it. In fact, economic literacy is necessary to properly understand the world. Short, direct, axiomatically unassailable, and devastating to the mythology of modern economics. This book not only promote Mises' views, but refutes and attacks the tragicomic orthodoxy of today’s economics mainstream.
The Mises Institute is pleased to present this Kindle edition of Rothbard's most famous monetary essay — the one that has influenced two generations of economists, investors, and business professionals. The Mises Institute has united this book with its natural complement: a detailed reform proposal for a 100 percent gold dollar. "The Case for a 100 Percent Gold Dollar" was written a decade before the last vestiges of the gold standard were abolished. Rothbard's unique plan for making the dollar sound again still holds up. Some people have said that Rothbard tells us what is wrong with money but not what to do about it. Well, with the addition of this essay, the problem and the answer are united in a comprehensive whole. After presenting the basics of money and banking theory, Rothbard traces the decline of the dollar from the 18th century to the present and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard. The book made huge theoretical advances. Rothbard was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. The passion that Murray Rothbard feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it. Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved. Since Rothbard's death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction. To Search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI
The book made huge theoretical advances. He was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. The passion that Murray feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject, and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it. Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved. Since Rothbard's death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction. This volume's contents include: * Preface by Jörg Guido Hülsmann * I. Introduction by Murray Rothbard * II. Money in a Free Society * 1. The Value of Exchange * 2. Barter * 3. Indirect Exchange * 4. Benefits of Money * 5. The Monetary Unit * 6. The Shape of Money * 7. Private Coinage * 8. The Proper Supply of Money * 9. The Problem of Hoarding * 10. Stabilize the Price Level? * 11. Coexisting Moneys * 12. Money-Warehouses * 13. Summary * III. Government Meddling With Money * 1. The Revenue of Government * 2. The Economic Effects of Inflation * 3. Compulsory Monopoly of the Mint * 4. Debasement * 5. Gresham's Law and Coinage * 6. Summary: Government and Coinage * 7. Permitting Banks to Refuse Payment * 8. Central Banking: Removing the Checks on Inflation * 9. Central Banking: Directing the Inflation * 10. Going Off the Gold Standard * 11. Fiat Money and the Gold Problem * 12. Fiat Money and Gresham's Law * 13. Government and Money * IV. The Monetary Breakdown of the West * 1. Phase I: The Classical Gold Standard, 1815-1914 * 2. Phase II: World War I and After * 3. Phase III: The Gold Exchange Standard (Britain and the United States) 1926-1931 * 4. Phase IV: Fluctuating Fiat Currencies, 1931-1945... * 5. Phase V: Bretton Woods and the New Gold Exchange Standard (the United States) 1945 1968 * 6. Phase VI: The Unraveling of Bretton Woods, 1968-1971 * 7. Phase VII: The End of Bretton Woods: Fluctuating Fiat Currencies, August-December, 1971 * 8. Phase VIII: The Smithsonian Agreement, December 1971-February 1973 * 9. Phase IX: Fluctuating Fiat Currencies, March 1973-?
Unlike what usually passes for economics in many classrooms, government, the media and elsewhere, Choice is an engaging and intriguing book that provides something quite unique: a genuine treatise on economics that both instructs and entertains both economists and general readers. 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
What is money? How does it work, and what effects does it have on our society and economy? Hardly anyone has penetrated the answers to these questions better and explained them more comprehensibly than Alfred Lansburgh, who published them in the form of letters to his son, under the pseudonym “Argentarius” in his publishing house “Die Bank”. This edition contains the following collections of letters from the years 1921 to 1923: * On Money * Valuta * The Central Bank * Monetary Crisis
What is money? How does it work and what effects does it have on our society and economy? Hardly anyone has penetrated the answers to these questions better and explained them more comprehensibly than Alfred Lansburgh, who published them in the form of letters to his son, under the pseudonym "Argentarius" in his publishing house "Die Bank". This edition contains the following collections of letters from the years 1921: On Money (Original "Vom Gelde")
A Progressive's Case for Bitcoin is for everyone who is starting to learn about Bitcoin and wants to understand the reality behind the buzz. Exploring the value proposition of Bitcoin through a progressive lens, Maier's book explores why Bitcoin is good for the environment, how it helps poor and marginalized communities, and why Bitcoin serves as a protest against too-big-to-fail banks: all the people-centric reasons Bitcoin was created in the first place. This inspirational read, which requires no background knowledge, is a great starting point for anyone who is curious about Bitcoin beyond the boundaries of western privilege, clickbait headlines, and social media chatter. “Jason’s book is outstanding, and fills a niche that has been seriously underserved until now —a treatise on Bitcoin for progressives. He thoughtfully walks the reader through the shortcomings of the current financial system and the benefits that Bitcoin can bring to people around the world.” —Lyn Alden, Macro Economist and Investor “In A Progressive’s Case for Bitcoin, Jason offers an uncommon perspective of how Bitcoin can be used as a tool for progressive social change. Through a combination of introspection and real-world case studies, Jason explores how Bitcoin can help to empower marginalized communities including the unbanked, those affected by hyperinflation and more.” —Lamar Wilson, Founder, Black Bitcoin Billionaire “A Progressive's Case for Bitcoin offers a refreshing perspective on Bitcoin particularly suited for a more liberal voter. Maier writes with humility and clarity inviting even the most ardent Bitcoin critics to question their assumptions. It is one of the best books written on Bitcoin.” —Dr. Mark Stephany, Physician and Host of The Progressive Bitcoiner “—If you care about the environment, human rights, or equality, you need to read this book and share it with everyone you know who considers themselves to be a progressive. This is a must read book!” —Dennis Porter, Co-Founder and CEO of the Satoshi Action Fund “Jason Maier has written what may be the most consequential Bitcoin book to date. In our historical moment, everything is politicized, often before it is even understood. So it is with Bitcoin, a technology attacked by many on the political left and embraced by those on the right, but which is actually nothing more than a few hundred lines of code. The social, political, economic, and environmental consequences of Bitcoin have hardly been thought through. Maier shows how Bitcoin—yes, Bitcoin!--actually aligns with the deepest values of progressives and serves their highest goals, most surprisingly, aiding the fight against climate change." “Reading this book, you realize that humanity is on the verge of a devastating mistake. Progressives have always pointed out injustices and critiqued systems of privilege. Yet, in a brilliant PR campaign, those very systems have enlisted progressives to protect themselves from being reformed or disrupted by an upstart technology. Maier’s book is a desperately needed corrective. He explains Bitcoin like a veteran teacher, breezes through arguments in a conversational style, yet his careful reasoning reminds you he is a mathematician. Open-minded progressives, and maybe even close-minded ones, will have to rethink their opinions on the possibilities and promise of neutral, digital money.” —Troy Cross, Environmentalist and Professor of Philosophy, Reed College C. Jason Maier is a teacher of mathematics with a personal conviction about how Bitcoin will reshape the world. More of Jason's writing can be found at www.bitcoinmagazine.com
The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English. Basic Economics, which has now been translated into six languages and has additional material online, remains true to its core principle: that the fundamental facts and principles of economics do not require jargon, graphs, or equations and can be learned in a relaxed and even enjoyable way.
A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies. Managers and entrepreneurs in the digital era must learn to live in two worlds the conventional economy and the platform economy. Platforms that operate for business purposes usually exist at the level of an industry or ecosystem, bringing together individuals and organizations so they can innovate and interact in ways not otherwise possible. Platforms create economic value far beyond what we see in conventional companies. The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. Cusumano, Gawer, and Yoffie address how a small number of companies have come to exert extraordinary influence over every dimension of our personal, professional, and political lives. They explain how these new entities differ from the powerful corporations of the past. They also question whether there are limits to the market dominance and expansion of these digital juggernauts. Finally, they discuss the role governments should play in rethinking data privacy laws, antitrust, and other regulations that could reign in abuses from these powerful businesses. Their goal is to help managers and entrepreneurs build platform businesses that can stand the test of time and win their share of battles with both digital and conventional competitors. As experts who have studied and worked with these firms for some thirty years, this book is the most authoritative and timely investigation yet of the powerful economic and technological forces that make platform businesses, from Amazon and Apple to Microsoft, Facebook, and Google all dominant players in shaping the global economy, the future of work, and the political world we now face. Supplemental enhancement PDF accompanies the audiobook.
In responding to the financial crash of 2008, both the Bush Administration and the Obama Administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments." ―Warren Buffet