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Click on a title for more information about it -- to see the review, and to check on prices and availability (the ones on this page may be inaccurate), and/or to buy it.
Basic
Economics, along with Eat the Rich and
many other books listed here, demolishes the prevalent "Fixed Quantity
of Wealth" fallacy, and Hoodwinking the Nation,
along with The Ultimate Resource,
destroys the also-widespread "Fixed Quantity of Resources" myth.
Elsewhere you can compare how different book authors treat the issue of
government price controls, for example, HERE.
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| "What makes it [economics] most fascinating is that its fundamental
principles are so simple that they can be written on one page, that anyone
can understand them, and yet very few do." -- Milton
Friedman
"Economics is common sense, consistently applied. Unfortunately, people do not commonly apply their common sense consistently. It is this inconsistent application of common sense -- rather than lack of common sense -- that makes economics so startling to people when they first encounter it." -- Dr. Donald J.Boudreaux "The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups." -- Henry Hazlitt in ECONOMICS IN ONE LESSON "Economics is the study of the allocation of scarce resources which have alternative uses." -- Lionel Robbins "Economics is that way of understanding behavior that starts from the assumption that people have objectives and tend to choose the correct way to achieve them." -- David Friedman "Most of economics can be summarized in four words: 'People respond to incentives.' The rest is commentary." -- Steven E. Landsburg in THE ARMCHAIR ECONOMIST: Economics and Everyday Life "I had one fundamental question about economics: Why do some places prosper and thrive while others just suck?" -- P.J. O'Rourke in EAT THE RICH |
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| "Good economists, and in fact just about every
sensible human on the planet, know that human activity and happiness cannot
be expressed as a mathematical equation." -- Jacob Halbrooks, here.
"Public Choice theory, if nothing else, has taught economists to consider the state as it is, not as it should be in a dream world: the state is a potential tyrant, not a benevolent God."-- Pierre Lemieux, here "Elected leaders tend to believe they are responsible for a lot more than they really are. Like the little boy on his first plane trip 'helping' the plane by flapping his arms as the Boeing 747 begins to ascend, legislators often seem to believe that somehow they run the economy and solve lots of problems. ...The individual legislator must remember that the elixir for all that ills is economic growth. And economic growth is spurred by low taxes, limited regulation, equitable justice, and the ability to raise capital." -- Curt Leonard, here |
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| "It is no crime to be ignorant of economics, which is, after all, a
specialized discipline and one that most people consider to be a 'dismal
science.' But it is totally irresponsible to have a loud and vociferous
opinion on economic subjects while remaining in this state of ignorance."
– Murray N. Rothbard
"Economics is haunted by more fallacies than any other science known to man." – Henry Hazlitt in ECONOMICS IN ONE LESSON "Today, in the Twenty-First Century, an age of jet aircraft, personal computers, wireless telecommunications, laser surgery, and incipient space travel, the mentality with which many presumably educated, intelligent people approach matters of economics and business is, however astonishing it may seem, still that of the Dark Ages." – George Reisman Inflation is not rising prices. Inflation is a declining dollar. |
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| "One
of the most important reasons for studying history is that virtually every
stupid idea that is in vogue today has been tried before and proved disastrous
before, time and again." -- Dr.
Thomas Sowell
"The study of history is a powerful antidote to contemporary arrogance. It is humbling to discover how many of our glib assumptions, which seem to us noble and plausible, have been tested before, not once but many times and in innumerable guises; and discovered to be, at great human cost, wholly false." -- Paul Johnson "Bad and discredited ideas, it seems, never die. Neither do they fade away. Instead, they keep turning up, like bad pennies or Godzilla in the old Japanese movies." -- Murray N. Rothbard in Making Economic Sense "There is no error so monstrous that it fails to find defenders among the ablest men." -- Prof. John E. E. D. Acton "Confronted with economic problems, politicians always blame the private sector first ... [even] blaming the problem on the solution." --Richard L. Gordon "The 'private sector' of the economy is, in fact, the 'voluntary' sector; and...the 'public sector' is, in fact, the 'coercive' sector." -- Henry Hazlitt "[It's vital to develop analysis on] how proposed changes to U.S. tax policy would affect economic activity. Inside the Beltway, this type of analysis is called 'dynamic scoring.' Outside the Beltway, this is called 'economics'. -- William W. Beach "...the
first thing to be aware of is that the basic principles of ethics or morality
are widely disputed, not at all self-evident and uncontroversial.
Thus at the least it should be clear that any claim that the moral or ethical
opposes the technological and scientific is brazenly question begging,
presumptuous." -- Tibor
R. Machan |
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| "There is no need here to attempt to explain FDR's economic reasoning, if such an explanation is even possible. Speaking of the President's acquaintance with economics, biographer John T. Flynn noted that 'it is entirely possible that no one knew less about that subject than Roosevelt.' [from The Roosevelt Myth] What is important is that these economic fallacies would have terrible consequences. The President's faulty grasp of what had caused the Depression led him to introduce a system whose operation was quite similar to the old guild structure, with the explicit intention of reducing competition." -- Thomas E. Woods, Jr., HERE | ||
| "In the opening remarks of Ludwig von Mises's first formal seminar in America, the revered teacher held up a copy of a book and announced: "to understand economics, this is the book you should read first." According to Mises’s student and friend George Koether, the book he was holding was An Introduction to Logic and Scientific Method by Morris Cohen and Ernest Nagel, first published in 1934 and now out of print. ..." -- Steven Yates, HERE |
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| Check out the surprising results of some eye-opening book polls HERE. |
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Updated 2002 Aug. 13 or later
