{"id":19176,"date":"2011-12-03T11:01:08","date_gmt":"2011-12-03T18:01:08","guid":{"rendered":"http:\/\/oooorgle.com\/BeyondTheCorral\/?p=19176"},"modified":"2016-12-03T08:41:33","modified_gmt":"2016-12-03T15:41:33","slug":"an-introduction-to-economic-reasoning","status":"publish","type":"post","link":"https:\/\/oooorgle.com\/BeyondTheCorral\/an-introduction-to-economic-reasoning\/","title":{"rendered":"An Introduction To Economic Reasoning"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/oooorgle.com\/images\/Think.png\" alt=\"\" align=\"left\" hspace=\"5\" \/><a href=\"http:\/\/www.tomwoods.com\/learn-austrian-economics\/\" target=\"_blank\">TomWoods.com<\/a> | These books, all relatively short and available online or for purchase, are an excellent starting point for an education in sound economics.<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0517548232?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0517548232\">**Economics in One Lesson<\/a><\/em> by Henry Hazlitt; online <a href=\"http:\/\/steshaw.org\/economics-in-one-lesson\/\" target=\"_blank\">here<\/a> and\u00a0<a href=\"http:\/\/www.fee.org\/pdf\/books\/Economics_in_one_lesson.pdf\" target=\"_blank\">here (.pdf)<\/a><br \/>\n<a href=\"http:\/\/mises.org\/store\/Essentials-of-Economics-P471.aspx?afid=21\" target=\"_blank\"><em>Essentials of Economics<\/em><\/a> by Faustino Ballve; online <a href=\"http:\/\/mises.org\/books\/ballve.pdf\" target=\"_blank\">here (.pdf)<\/a><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/B001BSHNDC\/ref=as_li_tf_tl?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399349&amp;creativeASIN=B001BSHNDC\" target=\"_blank\">An Introduction to Austrian Economics<\/a><\/em> by Thomas C. Taylor; online <a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">here<\/a> and <a href=\"http:\/\/mises.org\/books\/introtoaustrian.pdf\" target=\"_blank\">here (.pdf)<\/a><br \/>\n<a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550880\/ref=as_li_tf_tl?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399349&amp;creativeASIN=1933550880\" target=\"_blank\"><em>Lessons for the Young Economist<\/em><\/a> (for younger readers) by Robert P. Murphy; online <a href=\"http:\/\/www.vforvoluntary.com\/young-economist\/\" target=\"_blank\">here<\/a>, <a href=\"http:\/\/mises.org\/books\/lessons_for_the_young_economist_murphy.pdf\" target=\"_blank\">here (.pdf)<\/a> and <a href=\"http:\/\/mises.org\/books\/lessons_for_the_young_economist_murphy.epub\" target=\"_blank\">here (ebook)<\/a><\/p>\n<p>Another easy-to-understand\u00a0introduction to economic reasoning is Peter Schiff\u2019s book\u00a0<a href=\"http:\/\/www.amazon.com\/gp\/product\/047052670X?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=047052670X\" target=\"_blank\"><em>How an Economy Grows and Why It Crashes<\/em><\/a>.<\/p>\n<p>A useful companion to Hazlitt\u2019s <em>Economics in One Lesson<\/em> is <a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=115\" target=\"_blank\">this series of videos<\/a>, recorded in July-August 2008, in which various professors comment on each of the book\u2019s chapters \u2013 explaining the argument, elaborating on it, and applying it to present conditions.<\/p>\n<p><br clear=left><\/p>\n<p>There are 12 videos in this playlist<br \/>\nVideo 1: The Lesson<br \/>\nVideo 2: The Broken Window<br \/>\nVideo 3: Public Works Mean Taxes<br \/>\nVideo 4: Credit Diverts Production<br \/>\nVideo 5: The Curse of Machinery<br \/>\nVideo 6: Disbanding Troops and Bureaucrats<br \/>\nVideo 7: Who\u2019s Protected by Tariffs?<br \/>\nVideo 8: \u201cParity\u201d Prices<br \/>\nVideo 9: How the Price System Works<br \/>\nVideo 10: Minimum Wage Laws<br \/>\nVideo 11: The Function of Profits<br \/>\nVideo 12: The Assault on Saving<br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PL3B179BC0E24CB2B7&amp;hl=en_US\" frameborder=\"0\" width=\"640\" height=\"360\"><\/iframe><br \/>\n<a href=\"https:\/\/www.youtube.com\/playlist?list=PL3B179BC0E24CB2B7\" target=\"_blank\">https:\/\/www.youtube.com\/playlist?list=PL3B179BC0E24CB2B7<\/a><\/p>\n<p><strong>Additional Introductory Reading in Economics<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550155\/ref=as_li_tf_tl?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399349&amp;creativeASIN=1933550155\" target=\"_blank\">The Concise Guide to Economics<\/a><\/em> by Jim Cox; online <a href=\"http:\/\/www.conciseguidetoeconomics.com\/\" target=\"_blank\">here<\/a> and <a href=\"http:\/\/mises.org\/books\/concise_guide_to_economics_cox.pdf\" target=\"_blank\">here (.pdf)<\/a><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0945466463?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0945466463\">Making Economic Sense<\/a><\/em> by Murray N. Rothbard<br \/>\n<a href=\"http:\/\/mises.org\/store\/Free-Market-Economics-A-Reader-P393.aspx?afid=21\" target=\"_blank\"><em>Free Market Economics: A Reader<\/em><\/a> by Bettina Bien Greaves<br \/>\n<a href=\"http:\/\/mises.org\/store\/Free-Market-Economics-A-Syllabus-P392.aspx?afid=21\" target=\"_blank\"><em>Free Market Economics: A Syllabus<\/em><\/a> by Bettina Bien Greaves<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1596985046?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1596985046\">The Politically Incorrect Guide to Capitalism<\/a><\/em> by Robert P. Murphy<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0739110365?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0739110365\">The Church and the Market: A Catholic Defense of the Free Economy<\/a><\/em> by Thomas E. Woods, Jr.<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0942617622?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0942617622\">Whatever Happened to Penny Candy?<\/a> <\/em>by Richard J. Maybury (great for homeschoolers)<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0446537527?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0446537527\">The Revolution: A Manifesto<\/a><\/em> by Ron Paul, ch. 4<\/p>\n<p><strong>Money<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0945466447?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0945466447\">**What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar<\/a><\/em> by Murray N. Rothbard;\u00a0<a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=92?afid=21\" target=\"_blank\"> mp3 audio<\/a><br \/>\n<em><a href=\"http:\/\/mises.org\/store\/Ethics-of-Money-Production-P536.aspx\">**The Ethics of Money Production<\/a> <\/em>by\u00a0J\u00f6rg Guido H\u00fclsmann (should be read after the title above); <a href=\"http:\/\/mises.org\/books\/moneyproduction.pdf\">.pdf here<\/a><br \/>\n<a href=\"http:\/\/mises.org\/books\/goldpeace.pdf\" target=\"_blank\"><em>Gold, Peace, and Prosperity<\/em> (.pdf)<\/a> by Ron Paul; <a href=\"http:\/\/media.mises.org\/mp3\/audiobooks\/Paul_GoldPeaceProsperity.mp3\" target=\"_blank\">mp3 audio<\/a><br \/>\n<a href=\"http:\/\/video.google.com\/videoplay?docid=-466210540567002553\" target=\"_blank\">\u201cMoney, Banking, and the Federal Reserve\u201d<\/a> (documentary, via Google Video)<br \/>\n<a href=\"http:\/\/mises.org\/store\/Case-for-Gold-The-P386.aspx?afid=21\" target=\"_blank\"><em>The Case for Gold<\/em><\/a> by Ron Paul and Lewis Lehrman<br \/>\n<a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550937\/ref=as_li_tf_tl?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399349&amp;creativeASIN=1933550937\" target=\"_blank\"><em>Money: Sound and Unsound<\/em><\/a> (advanced)\u00a0by Joseph T. Salerno; online <a href=\"http:\/\/mises.org\/books\/sound_money_salerno.pdf\" target=\"_blank\">here (.pdf)<\/a> and <a href=\"http:\/\/mises.org\/books\/MoneySoundAndUnsound.epub\" target=\"_blank\">here (ebook)<br \/>\n<\/a><em><a href=\"http:\/\/mises.org\/books\/MoneySoundAndUnsound.epub\" target=\"_blank\">The Case Against the Fed<\/a> <\/em>by Murray N. Rothbard (<a href=\"http:\/\/mises.org\/books\/fed.pdf\" target=\"_blank\">.pdf here<\/a>; <a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=114\" target=\"_blank\">audiobook<\/a>)<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0446549193?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0446549193\">End the Fed<\/a><\/em> by Ron Paul<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0446537527?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0446537527\">The Revolution: A Manifesto<\/a><\/em> by Ron Paul, ch. 6 (<a href=\"http:\/\/www.amazon.com\/gp\/product\/160024355X?ie=UTF8&amp;tag=campaforliber-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=160024355X\" target=\"_blank\">audiobook<\/a>)<br \/>\n<a href=\"http:\/\/mises.org\/store\/Gold-Standard-Perspectives-in-the-Austrian-School-The--P61.aspx?afid=21\" target=\"_blank\"><em>The Gold Standard: Perspectives in the Austrian School<\/em><\/a>, ed. Llewellyn H. Rockwell, Jr.; <a href=\"http:\/\/mises.org\/books\/goldstandard.pdf\" target=\"_blank\">.pdf here<\/a><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0945466331?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0945466331\">A History of Money and Banking in the United States<\/a><\/em> by Murray N. Rothbard; <a href=\"http:\/\/mises.org\/books\/historyofmoney.pdf\" target=\"_blank\">.pdf here<\/a><br \/>\n<a href=\"http:\/\/www.independent.org\/publications\/article.asp?id=171\" target=\"_blank\">\u201cThe Myth of the \u2018Independent\u2019 Fed\u201d<\/a> by Thomas J. DiLorenzo<br \/>\n<a href=\"http:\/\/www.independent.org\/pdf\/tir\/tir_09_1_7_salerno.pdf\" target=\"_blank\">Did Greenspan Deserve Support for Another Term? (.pdf)<\/a> by Joseph T. Salerno (<a href=\"http:\/\/media.mises.org\/mp3\/PWD2003\/PWD-Salerno.mp3\" target=\"_blank\">mp3 audio<\/a>)<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/MU2007\/61-Reisman.mp3\" target=\"_blank\">The Path to Sound Money\u201d (mp3 audio)<\/a> by George Reisman<br \/>\n\u201c<a href=\"http:\/\/mises.org\/mp3\/MU2003\/MU03-Reisman-4.mp3\" target=\"_blank\">The Economics of Inflation\u201d (mp3 audio)<\/a> by George Reisman<\/p>\n<p><strong>The Business Cycle<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550457?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1933550457\">**The Austrian Theory of the Trade Cycle and Other Essays<\/a><\/em> (online <a href=\"http:\/\/mises.org\/tradcycl.asp\" target=\"_blank\">here<\/a>; audiobook <a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=112\" target=\"_blank\">here<\/a>).<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1596985879?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1596985879\">Meltdown<\/a><\/em> by Thomas E. Woods, Jr.<br \/>\n<a href=\"http:\/\/www.amazon.com\/gp\/product\/1607961105?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1607961105\"><em>America\u2019s Great Depression<\/em>, 5th ed.<\/a> (html <a href=\"http:\/\/mises.org\/rothbard\/agd\/contents.asp\" target=\"_blank\">here<\/a>, .pdf <a href=\"http:\/\/mises.org\/rothbard\/agd.pdf\" target=\"_blank\">here<\/a>) by Murray N. Rothbard<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0415771226?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0415771226\" target=\"_blank\">Time and Money: The Macroeconomics of Capital Structure<\/a><\/em> by Roger W. Garrison<br \/>\n\u201c<a href=\"http:\/\/mises.org\/article.aspx?afid=21\" target=\"_blank\">Business Cycle Primer\u201d<\/a> by Llewellyn H. Rockwell, Jr.<br \/>\n<a href=\"http:\/\/mises.org\/daily\/4993\/My-Reply-to-Krugman-on-Austrian-BusinessCycle-Theory\" target=\"_blank\">\u201cMy Reply to Krugman on Austrian Business Cycle Theory\u201d<\/a> by Robert P. Murphy<br \/>\n\u201c<a href=\"http:\/\/mises.org\/story\/1186\" target=\"_blank\">Sound Money and the Business Cycle\u201d<\/a> by John P. Cochran<br \/>\n\u201c<a href=\"http:\/\/www.independent.org\/pdf\/tir\/tir_09_1_1_thornton.pdf\" target=\"_blank\">Who Predicted the Bubble? Who Predicted the Crash?\u201d (.pdf)<\/a> by Mark Thornton<br \/>\n\u201c<a href=\"http:\/\/mises.org\/journals\/scholar\/Thornton16.pdf\" target=\"_blank\">Mises vs. Fisher on Money, Method, and Prediction: The Case of the Great Depression\u201d (.pdf)<\/a> by Mark Thornton<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/Thornton-ASSC-11-02-2007.mp3\" target=\"_blank\">Predicting Booms and Busts\u201d (mp3 audio)<\/a> by Mark Thornton<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/Salerno-Klein2007\/10-Salerno.mp3\" target=\"_blank\">Banking and the Business Cycle\u201d (mp3 audio)<\/a> by Joseph T. Salerno<\/p>\n<p><strong>Deflation<\/strong><br \/>\n<strong>Articles and Monograph:<\/strong><br \/>\n\u201c<a href=\"http:\/\/mises.org\/story\/1583\" target=\"_blank\">Deflation and Depression: Where\u2019s the Link?\u201d<\/a> by Joseph T. Salerno<br \/>\n\u201c<a href=\"http:\/\/www.qjae.org\/journals\/qjae\/pdf\/qjae6_4_2.pdf\" target=\"_blank\">Apoplithorismosphobia\u201d (.pdf) <\/a>by Mark Thornton. (Thornton coined the term to refer to the fear of deflation.)<br \/>\n\u201c<a href=\"http:\/\/mises.org\/journals\/qjae\/pdf\/qjae6_4_8.pdf\" target=\"_blank\">An Austrian Taxonomy of Deflation<\/a><a href=\"http:\/\/mises.org\/journals\/qjae\/pdf\/qjae6_4_8.pdf\" target=\"_blank\"> \u2013 With Applications to the U.S.<\/a> by Joseph T. Salerno<br \/>\n<em><a href=\"http:\/\/mises.org\/store\/Product.aspx?ProductId=538\">Deflation and Liberty<\/a><\/em> by J\u00f6rg Guido H\u00fclsmann; <a href=\"http:\/\/mises.org\/mp3\/ss03\/SS-1.mp3\">audiobook<\/a><\/p>\n<p><strong>Audio (in mp3 audio):<\/strong><br \/>\n\u201c<a href=\"http:\/\/mises.org\/mp3\/MU2003\/MU03-Salerno-6.mp3\" target=\"_blank\">On Deflation\u201d<\/a> by Joseph T. Salerno<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/MU2010\/034_MisesU_2010_Hulsmann.mp3\" target=\"_blank\">The Economics of Deflation\u201d<\/a> by J\u00f6rg Guido H\u00fclsmann<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/Salerno\/10.mp3\" target=\"_blank\">The Gold Standard in Theory and Myth\u201d<\/a> by Joseph T. Salerno<\/p>\n<p><strong>Advanced Texts in Austrian Economics<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550279?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1933550279\">Man, Economy, and State: A Treatise on Economic Principles<\/a><\/em> by Murray N. Rothbard<br \/>\nThis version also contains the book <em>Power and Market<\/em>, which had originally been intended as the concluding section of <em>Man, Economy, and State<\/em> but was released in 1970 as a separate title. The entire text is also available online <a href=\"http:\/\/mises.org\/resources.aspx?Id=e8f5e0fa-d5bb-4844-9a4b-831c6a090d9e\" target=\"_blank\">here<\/a>. A study guide is available <a href=\"http:\/\/mises.org\/store\/Man-Economy-and-State-Study-Guide-P304.aspx?afid=21\" target=\"_blank\">for purchase<\/a> and <a href=\"http:\/\/mises.org\/books\/messtudy.pdf\" target=\"_blank\">online (.pdf)<\/a>.<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550317?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1933550317\">Human Action: A Treatise on Economics<\/a><\/em> (<a href=\"http:\/\/mises.org\/resources\/3250\" target=\"_blank\">read online<\/a>) by Ludwig von Mises<br \/>\nMises\u2019 magnum opus. A study guide is available <a href=\"http:\/\/mises.org\/store\/Human-Action-Study-Guide-P547.aspx\">for purchase<\/a> and <a href=\"http:\/\/mises.org\/books\/humanactionstudy.pdf\" target=\"_blank\">online (.pdf)<\/a>. I recommend reading <em>Man, Economy, and State<\/em> first, though some disagree with me.<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/gp\/product\/1933550392?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1933550392\">Money, Bank Credit, and Economic Cycles<\/a><\/em> (<a href=\"http:\/\/mises.org\/books\/desoto.pdf\">.pdf<\/a>)\u00a0by\u00a0Jes\u00fas Huerta de Soto<br \/>\nA sweeping and historic contribution to the literature of the Austrian School, showing how monetary freedom avoids the disadvantages of fiat money, including inflation, business cycles, and financial bubbles.<\/p>\n<p><strong>Foreign Aid and Development Economics<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0674259866?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0674259866\">Equality, the Third World, and Economic Delusion<\/a><\/em> by Peter Bauer<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0691117829?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0691117829\">From Subsistence to Exchange and Other Essays<\/a><\/em> by Peter Bauer<br \/>\n\u201c<a href=\"http:\/\/www.gmu.edu\/jbc\/Tyler\/Marshall_Plan.pdf\" target=\"_blank\">The Marshall Plan: Myths and Realities\u201d (.pdf)<\/a> by Tyler Cowen<br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0262550423?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0262550423\">The Elusive Quest for Growth: Economists\u2019 Adventures and Misadventures in the Tropics<\/a><\/em> by William Easterly<br \/>\n\u201c<a href=\"http:\/\/media.mises.org\/mp3\/Woods2\/13.mp3\" target=\"_blank\">The History of Foreign Aid Programs\u201d (mp3)<\/a> by Thomas E. Woods, Jr.<br \/>\n(These critiques of development aid are not specifically Austrian, but may be of use to those interested in Austrian economics.)<\/p>\n<p><strong>Additional <\/strong><strong>Readings<\/strong><strong> in Austrian Economics<\/strong><br \/>\n<em><a href=\"http:\/\/www.amazon.com\/gp\/product\/0945466404?ie=UTF8&amp;tag=thomacom-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0945466404\">The Economics and Ethics of Private Property<\/a><\/em> by Hans-Hermann Hoppe<br \/>\n<em><a href=\"http:\/\/mises.org\/store\/Theory-of-Socialism-and-Capitalism-A-P465.aspx\">A Theory of Socialism and Capitalism<\/a><\/em> (<a href=\"http:\/\/mises.org\/books\/Socialismcapitalism.pdf\">read online<\/a>) by Hans-Hermann Hoppe<br \/>\n<em><a href=\"http:\/\/mises.org\/store\/Economic-Science-and-the-Austrian-Method-P39.aspx\">Economic Science and the Austrian Method<\/a><\/em> (<a href=\"http:\/\/mises.org\/books\/esam.pdf\">read online<\/a>) by Hans-Hermann Hoppe<br \/>\n<em><a href=\"http:\/\/mises.org\/store\/Praxeology-and-Understanding-P524.aspx\">Praxeology and Understanding: An Analysis of the Controversy in Austrian Economics<\/a><\/em> (<a href=\"http:\/\/mises.org\/books\/prax-and-understanding.pdf\">read online<\/a>) by George Selgin<\/p>\n<p><a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=89\" target=\"_blank\"><strong>Introduction to Austrian Economic Analysis: A Ten-Lecture Course<\/strong><\/a><br \/>\nThis course with Professor Joseph Salerno of Pace University, courtesy of the <a href=\"http:\/\/mises.org\/\" target=\"_blank\"><strong>Ludwig von Mises Institute<\/strong><\/a>, is available in both video and mp3 audio at the links below. Recommended supplemental reading follows each lecture.<\/p>\n<p><strong>Lecture 1: Scarcity, Choice, and Value \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-1.mp3\" target=\"_blank\">Audio<\/a> and <a href=\"http:\/\/media.mises.org\/video\/Salerno2\/1.wmv\" target=\"_blank\">Video<\/a><\/strong><br \/>\nPercy L. Greaves, Jr., <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Understanding_dollar_crisis.pdf\" target=\"_blank\"><em>Understanding the Dollar Crisis<\/em><\/a>, pp. 1-20, 27-54<br \/>\nMilton M. Shapiro, <em>Foundations of the Market-Price System<\/em>, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch5.pdf\" target=\"_blank\">pp. 81-113<\/a><br \/>\nThomas C. Taylor, <a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\"><em>An Introduction to Austrian Economics<\/em><\/a>, pp. 40-51 (ch. 4)<\/p>\n<p><strong>Lecture 2: Exchange and Demand \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-2.mp3\" target=\"_blank\">Audio<\/a> and <a href=\"http:\/\/media.mises.org\/video\/Salerno2\/2.wmv\" target=\"_blank\">Video<\/a><\/strong><br \/>\nShapiro, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch3.pdf\" target=\"_blank\">pp. 31-58<\/a>, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch6-7.pdf\" target=\"_blank\">115-78<\/a><br \/>\n<a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">Taylor<\/a>, pp. 12-39 (chs. 2-3)<br \/>\nLeonard Read, <a href=\"http:\/\/www.econlib.org\/LIBRARY\/Essays\/rdPncl1.html\" target=\"_blank\">\u201cI, Pencil\u201d<\/a><\/p>\n<p><strong>Lecture 3: The Determination of Prices \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-3.mp3\" target=\"_blank\">Audio<\/a> and <a href=\"http:\/\/media.mises.org\/video\/Salerno2\/3.wmv\" target=\"_blank\">Video<\/a><\/strong><br \/>\n<a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Understanding_dollar_crisis.pdf\" target=\"_blank\">Greaves<\/a>, pp. 65-91<br \/>\nShapiro, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch8.pdf\" target=\"_blank\">pp. 179-233<\/a><br \/>\n<a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">Taylor<\/a>, pp. 52-62 (ch. 5)<br \/>\nMurray N. Rothbard, <a href=\"http:\/\/mises.org\/mysteryofbanking\/mysteryofbanking.pdf\" target=\"_blank\"><em>The Mystery of Banking<\/em><\/a>, pp. 15-27 (online pp. 14-23)<\/p>\n<p><strong>Lecture 4: Price Controls: Case Studies \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-4.mp3\" target=\"_blank\">Audio<\/a> and <a href=\"http:\/\/media.mises.org\/video\/Salerno2\/4.wmv\" target=\"_blank\">Video<\/a><\/strong><\/p>\n<p><strong>Lecture 5: Profit, Loss, and the Entrepreneur \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-5.mp3\" target=\"_blank\">Audio<\/a> and <a href=\"http:\/\/media.mises.org\/video\/Salerno2\/5.wmv\" target=\"_blank\">Video<\/a><\/strong><br \/>\n<a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">Taylor<\/a>, pp. 74-89 (ch. 7)<br \/>\nLudwig von Mises, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Profit_and_Loss.pdf\" target=\"_blank\"><em>\u201cProfit and Loss,\u201d<\/em><\/a> in Mises, <em>Planning for Freedom and Sixteen Other Essays and Addresses<\/em>, pp. 108-30<\/p>\n<p><strong>Lecture 6: Pricing of the Factors of Production and the Labor Market\u00a0\u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-6.mp3\" target=\"_blank\">Audio<\/a><\/strong><br \/>\nHenry N. Sanborn, <em>What, How, For Whom: The Decisions of Economic Organization<\/em>, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/What_How_For_Whom.pdf\" target=\"_blank\">pp. 112-85<\/a><br \/>\n<a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">Taylor<\/a>, pp. 63-73 (ch. 6)<br \/>\n<a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Understanding_dollar_crisis.pdf\" target=\"_blank\">Greaves<\/a>, pp. 105-32<br \/>\nMurray N. Rothbard, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Restrictionist_Pricing_Labor.pdf\" target=\"_blank\">\u201cRestrictionist Pricing of Labor,\u201d<\/a> in Rothbard, <em>The Logic of Action Two<\/em><\/p>\n<p><strong>Lecture 7: Capital, Interest and the Structure of Production \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-7.mp3\" target=\"_blank\">Audio<\/a><\/strong><br \/>\nShapiro, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch9.pdf\" target=\"_blank\">pp. 235-60<\/a><br \/>\nMark Skousen, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Structure_of_Production.pdf\" target=\"_blank\"><em>The Structure of Production<\/em><\/a>, pp. 133-49<br \/>\nRichard Fink, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Fink.pdf\" target=\"_blank\">\u201cEconomic Growth and Market Processes,\u201d<\/a> in Fink, ed., <em>Supply-Side Economics: A Critical Appraisal<\/em>, pp. 372-94<\/p>\n<p><strong>Lecture 8: Competition and Monopoly \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-8.mp3\" target=\"_blank\">Audio<\/a><\/strong><br \/>\nShapiro, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shapiro_Ch11.pdf\" target=\"_blank\">pp. 319-72<\/a><br \/>\nSanborn, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Sanborn2.pdf\" target=\"_blank\">pp. 62-65<\/a><br \/>\nHans Sennholz, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Phantom_Called_Monopoly.pdf\" target=\"_blank\">\u201cThe Phantom Called \u2018Monopoly,\u2019\u201d<\/a> in Bettina B. Greaves, ed., <em>Free Market Economics: A Basic Reader<\/em>, pp. 162-69<br \/>\nSudha R. Shenoy, <a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Shenoy.pdf\" target=\"_blank\">\u201cThe Sources of Monopoly,\u201d<\/a> in <em>New Individualist Review<\/em>, pp. 793-96<\/p>\n<p><strong>Lecture 9: Money and Prices\u00a0\u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-9.mp3\" target=\"_blank\">Audio<\/a><\/strong><br \/>\n<a href=\"http:\/\/mises.org\/Salerno_syllabus06\/Understanding_dollar_crisis.pdf\" target=\"_blank\">Greaves<\/a>, pp. 141-67<br \/>\nRothbard, <a href=\"http:\/\/mises.org\/money.asp\" target=\"_blank\"><em>What Has Government Done to Our Money?<\/em><\/a> pp. 1-96 (<a href=\"http:\/\/mises.org\/money.asp\" target=\"_blank\">online, chs. I-III<\/a>; <a href=\"http:\/\/mises.org\/rothbard\/rothmoney.pdf\" target=\"_blank\">online .pdf, pp. 7-48<\/a>).<br \/>\nRothbard, <a href=\"http:\/\/mises.org\/books\/fed.pdf\" target=\"_blank\"><em>The Case Against the Fed<\/em><\/a>, pp. 29-69 (or Rothbard, <a href=\"http:\/\/mises.org\/mysteryofbanking\/mysteryofbanking.pdf\" target=\"_blank\"><em>The Mystery of Banking<\/em><\/a>, pp. 77-177; online, pp. 52-108)<\/p>\n<p><strong>Lecture 10: Banking and the Business Cycle \u2013 <a href=\"http:\/\/media.mises.org\/mp3\/Salerno2\/Salerno-10.mp3\" target=\"_blank\">Audio<\/a><\/strong><br \/>\nLudwig von Mises, et al., <a href=\"http:\/\/mises.org\/tradcycl.asp\" target=\"_blank\"><em>The Austrian Theory of the Trade Cycle and Other Essays<\/em><\/a>, Read: Garrison, Introduction and Summary; Mises\u2019s essay and Rothbard\u2019s essay.<br \/>\n<a href=\"http:\/\/mises.org\/austecon.asp\" target=\"_blank\">Taylor<\/a>, ch. 8 (pp. 90-95)<\/p>\n<p><strong>Additional Introductory Lectures in Austrian Economics<\/strong><br \/>\nThe Mises University, the Ludwig von Mises Institute\u2019s week-long summer instructional program in Austrian economics, amounts to a crash course on the subject.\u00a0 Consult the Mises University <a href=\"http:\/\/mises.org\/media.aspx?action=category&amp;ID=17\">audio archive<\/a> for many additional lectures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TomWoods.com | These 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 and\u00a0here (.pdf) Essentials of Economics by Faustino Ballve; online here (.pdf) An Introduction to Austrian Economics by Thomas C. Taylor; online here [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290,1507,295],"tags":[1050],"class_list":["post-19176","post","type-post","status-publish","format-standard","hentry","category-book","category-recommended","category-video","tag-austrian-economics"],"_links":{"self":[{"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/posts\/19176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/comments?post=19176"}],"version-history":[{"count":0,"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/posts\/19176\/revisions"}],"wp:attachment":[{"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/media?parent=19176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/categories?post=19176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oooorgle.com\/BeyondTheCorral\/wp-json\/wp\/v2\/tags?post=19176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}