This high-school text, published in May 2000, is aimed at teaching the intelligent young reader how to think about economic problems in a manner consistent with the Austrian School tradition. Its chapters on action, preference, demand and supply, value theory, money, and price controls emphasize deductive logic, the market process, and the failures of government intervention.
As the only text of its kind, this book is engaging, funny, filled with examples, and never talks down to the student. It is perfect for homeschoolers, but every student, young or old, will benefit from it. Indeed, a student familiar with its contents will be fully prepared to see through the fallacies of the introductory economics texts used at the college level.
David Gordon is Senior Fellow at the Mises Institute and editor of the Mises Review.
Although F. A. Hayek had many important contributions to economic theory, both Rothbard and Mises had major disagreements with Hayek's book, The Constitution of Liberty because of Hayek's support of public welfare measures.
In this week’s Friday Philosophy, Dr. David Gordon takes issue with Steven B. Smith’s portrayal of Abraham Lincoln as a “statesman” who was “America’s greatest president.”
In this week’s Friday Philosophy, Dr. David Gordon takes on the question of unjust laws. Under what circumstances should people obey them anyway. Murray Rothbard helps to provide an answer.
Auburn, Alabama: The Mises Institute, 2000. An excellent introduction to economic thinking designed for the intelligent high school student, available for purchase or fully downloadable from Mises.org.
