Free market economics : a basic reader. Supplement

Bettina Bien Greaves put this volume together as a one-stop primer in economics that includes the best economic writing she had run across. In some ways, the choices are brilliant. They are arranged by topic to cover the division of labor, prices, profits, property, competition, saving and investement, environment, antitrust, money and banking, advertising and marketing, and more. Authors include Read, Mises, Bastiat, Greaves, Kirzner, Watts, Hazlitt, and many other writers. Each essay is short and to the point. It still makes a great primer! General introduction. 1. Economics for boys and girls / Leonard E. Read What is economics? 2. Something for nothing? / Mark C. Schinnerer 3. The broken window / Henry Hazlitt 4. The individual in society / Ludwig von Mises The nature of the individual : values and actions. 5. The biology of behavior / Roger J. Williams 6. The only kind of people there are / Roger J. Williams 7. The unknown quantity / Madelyn Shepard Hyde 8. Freedom's theory of value / Leonard E. Read Private property and exchange. 9. Property / James Madison 10. Letter to his stepbrother / Abraham Lincoln 11. Property rights and human rights / Paul L. Poirot 12. Who conserves our resources? / Ruth Shallcross Maynard 13. The war on property / Paul L. Poirot Social cooperation and the market. 14. Free will and the market place / Frank Chodorov 15. I, pencil / Leonard E. Read Prices, pricing. 16. Cost-plus pricing / Paul L. Poirot 17. Charging "all the traffic will bear!" / Leonard E. Read 18. How should prices be determined? / Henry Hazlitt Savings, tools and production. 19. Letter to his grandson / Fred I. Kent 20. Technological status / John W. Campbell 21. Where Karl Marx went wrong / Samuel B. Pettengill 22. The great mistake of Karl Marx / Benjamin F. Fairless 23. The role of savings / Brian Summers 24. Tools / Jasper E. Crane 25. The liberation of women / Bettina Bien Greaves 26. Industrialism : friend or foe? / V. Orval Watts 27. The economic role of saving and capital goods / Ludwig von Mises The entrepreneur and the profit and loss system. 28. If men were free to try / John C. Sparks 29. "For the good of others" / Leonard E. Read 30. Food from thought / Charles W. Williams 31. Windfall profits / Robert G. Anderson 32. The elite under capitalism / Ludwig von Mises 33. Profits / Hans F. Sennholz 34. Why speculators? / Percy L. Greaves, Jr. Labor, wages and employment. 35. Bargaining / Paul L. Poirot 36. Collective bargaining wrong in principle / John W. Scoville 37. How wages are determined / Percy L. Greaves, Jr. 38. Jobs for all / Percy L. Greaves, Jr. 39. Wages and productivity / W. M. Curtiss 40. Competition, monopoly and the role of government / Sylvester Petro 41. The economics and politics of MY JOB / Ludwig von Mises Money, credit and banking. 42. Million dollar dream / Employers' Assn. of Chicago 43. Not worth a continental / Pelatiah Webster 44. The value of money / Hans F. Sennholz 45. The gold problem / Ludwig von Mises 46. How much money? / Percy L. Greaves, Jr. 47. Back to gold? / Henry Hazlitt 48. Eternal love / Lawrence Noonan Competition, "big business," and monopoly. 49. The cow in the apartment / Burton Rascoe 50. Freedom to shop around / Hart Buck 51. Six misconceptions about consumer welfare / Joel Dean 52. Is economic freedom possible? / Benjamin A. Rogge 53. The phantom called "monopoly" / Hans F. Sennholz 54. Advertising / Israel M. Kirzner Interregional trade. 55. The candlemakers' petition / Frederic Bastiat 56. Free trade : domestic/foreign / Dean Russell 57. On foreign trade / David Ricardo 58. Foreign investment vs. foreign aid / Henry Hazlitt 59. Restrictions on international trade / W. M. Curtiss 60. The failure of international commodity agreements / Karl Brandt History of economic thought. 61. The formation and function of prices / Hans F. Sennholz 62. The consumer theory of prosperity / John Stuart Mill 63. Of the damand or market for products / Jean Baptiste Say 64. Marx's view of the division of labor / Gary North 65. The fallacy of "intrinsic value" / Gary North 66. The man who answered Marx / Dean Lipton Capitalism/The hampered market/Socialism. 67. A king of long ago / Lewis Love 68. The communist idea, I / Karl Marx and Friedrich Engels 69. The communists idea, II / Earl Browder 70. A lesson in socialism / Thomas J. Shelly 71. The tale of the little red hen / W. A. Paton 72. The beetle and the centipede / W. A. Paton 73. Not yours to give / David Crockett 74. Intervention leads to total control / Gustavo R. Velasco Economic history. 75. Food control during forty-six centuries / Mary G. Lacy 76. How to end poverty / Dean Russell 77. American communism / Percy L. Greaves, Jr. 78. Facts about the "Industrial Revolution" / Ludwig von Mises 79. Progress or regress? / Hans F. Sennholz Summary. 80. Hello! / Joan Wilke 81. Free market disciplines / Leonard E. Read Glossary This syllabus is intended to help teachers of high school economics explain economic principles in the classroom. However, it contains many suggestions for introducing and explaining economics to younger students, as well as material to challenge older students and even adult readers. In any case, many ideas are included for varying the material by dramatizing and simplifying explanations for younger students or enriching them for more mature students with extracurricular readings, papers and projects. Any teacher embarking on the course outlined in this syllabus should be fully aware that it presents the economic theory of the free market. It begins by defining economics and describing briefly how the science of economics has been developed over centuries. It discusses various thinkers and philosophers who have contributed to economic understanding. The theme throughout this that economics is a study of the consequences of (1) individual choices which depend on the ideas individuals hold and (2) individual actions taken in the conscious attempt to attain the various goals held by the individuals concerned. - General introduction The 81 readings in this Basic Reader have been selected to accompany and to supplement Free Market Economics: A Syllabus. They are arranged here in broad subject categories so that they form in effect a "course of study" in and of themselves. A substantial understanding of free market economics may be gained by reading this volume systematically from beginning to end. However, anyone seriously interested in a full and logical explanation of the theories illustrated by these readings should also refer to the Syllabus. - Preface.