Thursday, November 06, 2008

Books I Need In Order To Understand the Economy

The Law - this little book by Frederic Bastiat (from the 1800s) is the most lucid and enjoyable read - and will forever change the way you look at governments and their interference in public and economic life. A gem! In fact, this book tells you everything you need to know about economics - in a way that you will thoroughly understand.

Economics in One Lesson - this book, by Henry Hazlitt, is very similar to "The Law" in that it presents economic ideas in a way that makes them eminently sensible and easy to understand. A must-have if you want to consider yourself economically literate.

Bionomics - a fascinating book by Michael Rothschild, which shows how capitalism and the free market are like "ecology" - a completely self-balancing system that is as "natural" as a rain forest. And when you consider that "orthodoxy" thinks of the economy as a "machine" - that politicians can forever tinker with - then Rosthschild's analysis is quite revolutionary.

from David Macgregor, SovereignLife.com

No comments: