An Introduction to Economic Reasoning

This high-school text, published in May 2000, is aimed at teaching the intelligent young reader how to think about economic problems in a manner consistent with the Austrian School tradition. Its chapters on action, preference, demand and supply, value theory, money, and price controls emphasize deductive logic, the market process, and the failures of government intervention. As the only text of its kind, this book is engaging, funny, filled with examples, and never talks down to the student. It is perfect for homeschoolers, but every student, young or old, will benefit from it. Indeed, a student familiar with its contents will be fully prepared to see through the fallacies of the introductory economics texts used at the college level. The contents of this primer include: Introduction 1. The Method of Economics 2. Action and Preference, Part 1 3. Action and Preference, Part 2 4. Demand and Supply 5. The Labor Theory of [...]Value 6. Price Controls 7. Minimum Wages and Wage Control 8. Money, Part 1 9. Money, Part 2 10. The Gold Standard Conclusion Glossary Recommended Readings Index