How to Think about the Economy

Further Reading

BOOKS FOR BEGINNERS

Ammous, Saifedean. Principles of Economics. Amman, Jordan: The Saif House, 2023.

Bastiat, Frédéric. That Which Is Seen and That Which Is Not Seen (1850). In vol. 1 of The Bastiat Collection, 1-48. Auburn, AL: Ludwig von Mises Institute, 2007.

Bylund, Per L. The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives. Lanham, MD: Lexington Books, 2016.

Hazlitt, Henry. Economics in One Lesson. New York: Three Rivers Press, 1979.

Murphy, Robert P. Choice: Cooperation, Enterprise, and Human Action. Oakland, CA: Independent Institute, 2015.

ECONOMICS TREATISES

Menger, Carl. Principles of Economics. Translated by James Dingwall and Bert F. Hoselitz. Auburn, AL: Ludwig von Mises Institute, 2007.

Mises, Ludwig von. Human Action: A Treatise on Economics, scholar’s ed. Auburn, AL: Ludwig von Mises Institute, 1998.

Rothbard, Man, Economy and State: A Treatise on Economic Principles. 2 vols. Princeton, NJ: D. Van Nostrand, 1962.

ENTREPRENEURSHIP AND ECONOMIC GROWTH

Bylund, Per L. The Problem of Production: A New Theory of the Firm. London: Routledge, 2016.

Foss, Nicolai J., and Peter G. Klein. Organizing Entrepreneurial Judgment: A New Approach to the Firm. Cambridge: Cambridge University Press, 2015.

Kirzner, Israel M. Competition and Entrepreneurship. Chicago: University of Chicago Press, 1973.

Schumpeter, Joseph A. Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Translated by Redvers Opie. Cambridge, MA: Harvard University Press, 1934.

ECONOMIC CALCULATION AND SOCIALISM

Boettke, Peter J. Calculation and Coordination: Essays on Socialism and Transitional Political Economy. London: Routledge, 2001.

Hoff, Trygve J. B. Economic Calculation in the Socialist Society. Indianapolis, IN: Liberty Press, 1981.

Huerta de Soto, Jesús. Socialism, Economic Calculation, and Entrepreneurship. Translated by Melinda Stroup. Cheltenham, UK: Edward Elgar, 2010.

Mises, Ludwig von. Socialism: An Economic and Sociological Analysis. Translated by J. Kahane. new ed. New Haven, CT: Yale University Press, 1951.

MONEY AND BANKING

Lavoie, Donald. Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered. Cambridge: Cambridge University Press, 1985.

Menger, Carl. On the Origins of Money. Translated by C. A. Foley. Auburn, AL: Ludwig von Mises Institute, 2009.

Mises, Ludwig von. Bureaucracy. New Haven, CT: Yale University Press, 1944.

Mises, Ludwig von. The Theory of Money and Credit. Translated by J. E. Batson. Auburn, AL: Ludwig von Mises Institute, 2009.

Rothbard, Murray N. The Mystery of Banking. 2nd ed. Auburn, AL: Ludwig von Mises Institute, 2008.

Rothbard, Murray N. What Has Government Done to Our Money? 5th ed. Auburn, AL: Ludwig von Mises Institute, 2010.

Salerno, Joseph T. Money: Sound and Unsound. Auburn, AL: Ludwig von Mises Institute, 2010.

CAPITAL THEORY AND PRODUCTION

Bohm-Bawerk, Eugen von. Capital and Interest: A Critical History of Economical Theory. Translated by William Smart. London: Macmillan, 1890.

Garrison, Roger W. Time and Money: The Macroeconomics of Capital Structure. London: Routledge, 2000.

Hayek, Friedrich A. Prices and Production. 2nd ed. New York: Augustus M. Kelly, 1935.

Hayek, Friedrich A. The Pure Theory of Capital. Auburn, AL: Ludwig von Mises Institute, 2009.

Kirzner, Israel M. An Essay on Capital. New York: Augustus M. Kelley, 1996.

Lachmann, Ludwig M. Capital and Its Structure. Kansas City, KS: Sheed Andrews and McMeel, 1978.

Lewin, Peter. Capital in Disequilibrium: The Role of Capital in a Changing World. Abingdon, Oxfordshire, UK: Routledge, 1998.

BUSINESS CYCLES

Ebeling, Richard M., ed. The Austrian Theory of the Trade Cycle and Other Essays. Auburn, AL: Ludwig von Mises Institute, 1996.

Huerta de Soto, Jesús. Money, Bank Credit, and Economic Cycles, translated by Melinda A. Stroup, 4th ed. Auburn, AL: Ludwig von Mises Institute, 2020.

Mises, Ludwig von. The Theory of Money and Credit. Translated by J. E. Batson. Auburn, AL: Ludwig von Mises Institute, 2009.

Rothbard, Murray N. America’s Great Depression. 5th ed. Auburn, AL: Mises Institute, 2000.

Rothbard, Murray N. The Panic of 1819: Reactions and Policies. Auburn, AL: Ludwig von Mises Institute, 2007.

Temin, Peter. Lessons from the Great Depression. Cambridge, MA: MIT Press, 1991.

METHOD AND ECONOMIC REASONING

Gordon, David. An Introduction to Economic Reasoning. Auburn, AL: Ludwig von Mises Institute, 2000.

Hoppe, Hans-Hermann. Economic Science and the Austrian Method. Auburn, AL: Ludwig von Mises Institute, 2007.

Mises, Ludwig von. Theory and History: An Interpretation of Social and Economic Evolution. Auburn, AL: Ludwig von Mises Institute, 2007.

Mises, Ludwig von. The Ultimate Foundations of Economic Science: An Essay on Method. New York: D. Van Nostrand, 1962.

Selgin, George A. Praxeology and Understanding: An Analysis of the Controversy in Austrian Economics. Auburn, AL: Ludwig von Mises Institute, 1990.