Economic History
Mary G. Lacy
The man, or class of men, who controls the supply of essential foods is in possession of the supreme power. The safeguarding of the food supply has therefore been the concern of governments since they have been in existence. They had to exercise this control in order to hold the supreme power, because all the people need food and it is the only commodity of which this is true.
Summary
Joan Wilke
If you’re familiar with English detective stories, you know that “hello” is much more than a salutation. It’s a surprise!
It’s what every good English detective says when he stumbles upon a previously overlooked, wonderful, important, delightful little clue that is sure to unravel the whole mystery.
That’s why “hello” is such a fine greeting— whether to a stranger or an old friend. It’s the expectation of discovery. The anticipation of some new and wonderful revelation ... or some new meaning in something long familiar.
Glossary
These definitions are offered in the attempt to explain some of the more significant economic terms in the light of the subjective value, marginal utility, theory of economics, on which the defense of a free and unhampered market must rest. Anyone interested in more detailed explanations of the meaning of these and other economic terms should find it helpful to refer to Mises Made Easier: A Glossary for Ludwig von Mises’ HUMAN ACTION by Percy L. Greaves, Jr. (Dobbs Ferry, N.Y. 10522: Free Market Books, P. O. 298, 1974).
BBG
Annotated Index of Authors
| Anderson, Robert G. Executive Secretary and Director of Seminars, FEE | |
| Windfall Profits | 83 |
| Bastiat, Frederic (1801-1850). French economist, statesman, writer | |
| The Candlemakers’ Petition | 176 |
| Brandt, Karl. | |
BackCover
Free Market Economics: A Syllabus
About The Publisher
The Foundation for Economic Education is a nonpolitical, nonprofit, educational institution. Its senior staff and numerous writers are students as well as teachers of the free market, private ownership, limited government rationale. Sample copies of the Foundation’s monthly study journal, The Freeman, are available on request.
Published 1975
2nd Printing 1977
3rd Printing 1984
4th Printing 2007
Preface
The idea that led to this syllabus was sparked many years ago by Rosalie Slater and Verna Hall. On a visit to The Foundation for Economic Education (referred to in this syllabus as FEE) in Irvington, they asked if FEE had a high school economics text to help teachers present free market ideas in the classroom. I agreed to assemble something suitable if a teacher should inquire. When a specific inquiry came to FEE, I discovered that to do a satisfactory job would be a major undertaking. The enthusiasm of Mrs.
Table of Contents
Preface
Part 1: Basics
1. General Introduction
2. What is Economics?
3. The Nature of the Individual—Values and Actions
4. Private Property and Exchange
5. Social Cooperation and The Market
Part 2: Economic Principles
6. Prices, Pricing
7. Savings, Tools and Production
8. The Entrepreneur and The Profit and Loss System
9. Labor, Wages and Employment
10. Money, Credit and Banking: Barter vs. Monetary Transactions
Part 1: Basics
