An Introduction to Economic Reasoning Learning for Liberty


These three books, all relatively short and available online or for purchase, are an excellent starting point for an education in sound economics.

Economics in One Lesson by Henry Hazlitt; online here Essentials of Economics by Faustino Ballve; online here (.pdf) An Introduction to Austrian Economics by Thomas C. Taylor; online here and here (.pdf) A useful companion to Hazlitt’s Economics in One Lesson is this series of videos, recorded in July-August 2008, in which various professors comment on each of the book’s chapters — explaining the argument, elaborating on it, and applying it to present conditions.

Video 1: The Lesson Video 2: The Broken Window Video 3: Public Works Mean Taxes Video 4: Credit Diverts Production Video 5: The Curse of Machinery Video 6: Disbanding Troops and Bureaucrats Video 7: Who’s Protected by Tariffs? Video 8: “Parity” Prices Video 9: How the Price System Works Video 10: Minimum Wage Laws Video 11: The Function of Profits Video 12: The Assault on Saving

Additional Introductory Reading in Economics

The Revolution: A Manifesto by Ron Paul, ch. 4; the audiobook is here

The Concise Guide to Economics by Jim Cox

Making Economic Sense by Murray N. Rothbard

Pillars of Prosperity: Free Markets, Honest Money, Private Property by Ron Paul

Economic Policy: Thoughts for Today and Tomorrow by Ludwig von Mises

Free Market Economics: A Reader by Bettina Bien Greaves

The Politically Incorrect Guide to Capitalism by Robert P. Murphy

Free Market Economics: A Syllabus by Bettina Bien Greaves

The Church and the Market: A Catholic Defense of the Free Economy by Thomas E. Woods, Jr.

Whatever Happened to Penny Candy? by Richard J. Maybury (a great introduction to economics for homeschoolers; study guide included)