Lessons for the Young Economist
Lessons for the Young Economist is easily the best introduction to economics for the young reader. It covers both pure economic theory and also how markets work. This book achieves a great balance between plain old economics and that aspect of economic thought that is considered particularly Austrian. Therefore, it prepares the student for both conventional economic studies in the future and provides the logical rigor and policy clarity that only the Austrian School perspective can offer.
TABLE OF CONTENTS
PART I - FOUNDATIONS
Chapter 1: Thinking Like an Economist
Chapter 2: How We Develop Economic Principles
Chapter 3: Economic Concepts Implied by Action
Chapter 4: "Robinson Crusoe" Economics
PART 2 - CAPITALISM: THE MARKET ECONOMY
Chapter 5: The Institution of Private Property
Chapter 7: The Division of Labor and Specialization
Chapter 8: Entrepreneurship and Competition
Chapter 9: Income, Saving, and Investment
Chapter 12: Profit and Loss Accounting
Chapter 13: The Stock Market
PART III - SOCIALISM: THE COMMAND ECONOMY
PART IV - INTERVENTIONISM: THE MIXED ECONOMY
Chapter 17: Price Controls
Chapter 19: Tariffs and Quotas
Chapter 20: The Economics of Drug Prohibition
Chapter 21: Inflation
Chapter 22: Government Debt
Chapter 23: The Business Cycle