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The Market Economy: A Reader
The Market Economy: A Reader in Bloomington, MN
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The Market Economy: A Reader
outlines the characteristics and philosophical underpinnings of the market economy and its usefulness in the allocation of resources. This anthology offers a comprehensive set of authentic, primary source selections that demonstrate how the tenets of classical economic liberalism provide the foundation for an efficient economic systemwhile also maximizing individual freedom. The readings also provide a structure for analyzing economic and philosophical issues.
The book includes selections from several authors who are not economists but whose work is important in terms of their contribution to economic thought, such as Henry David Throeau and Ayn Rand. It also features classic readings such as Adam Smith's invisible hand from his
Wealth of Nations
, David Ricardo's original explanation of comparative advantage from
Principles of Political Economy and Taxation
, and John Stuart Mill's eloquent expression of the limits of government in
On Liberty
. Latter day proponents of private enterprise include Friedrich Hayek, Ludwig von Mises, and Milton Friedman. These authors and others address how the market economy responds to such topical issues as the environment, income distribution, and free trade.
outlines the characteristics and philosophical underpinnings of the market economy and its usefulness in the allocation of resources. This anthology offers a comprehensive set of authentic, primary source selections that demonstrate how the tenets of classical economic liberalism provide the foundation for an efficient economic systemwhile also maximizing individual freedom. The readings also provide a structure for analyzing economic and philosophical issues.
The book includes selections from several authors who are not economists but whose work is important in terms of their contribution to economic thought, such as Henry David Throeau and Ayn Rand. It also features classic readings such as Adam Smith's invisible hand from his
Wealth of Nations
, David Ricardo's original explanation of comparative advantage from
Principles of Political Economy and Taxation
, and John Stuart Mill's eloquent expression of the limits of government in
On Liberty
. Latter day proponents of private enterprise include Friedrich Hayek, Ludwig von Mises, and Milton Friedman. These authors and others address how the market economy responds to such topical issues as the environment, income distribution, and free trade.
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