Quarterly Journal of Austrian Economics

Book Review: _Economic Episodes in American History_, 2nd ed.

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The second edition of _Economic Episodes in American History_ by Mark Schug, William Wood, Tawni Hunt Ferrarini, and M. Scott Niederjohn is a welcome response to the changes in how the beleaguered subject has been taught in high schools over the past eleven years (the first edition came out in 2011). For Schug et al.’s work provides the cure for the current pedagogical dispensation: learning American history is important because it is a way students can understand what economists call the economic way of thinking, capitalism and industrial development were (and still are) responsible for an unprecedented rise in living standards, and capitalism especially improved the well-being of women and minorities.

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Patrick Newman, "Book Review: <i>Economic Episodes in American History</i>, 2nd ed.," Quarterly Journal of Austrian Economics 25 (2023): 325–29.

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