Capitalism Books

Economics

Economics in One Lesson by Henry Hazlitt
A beautifully written book that explains how the market works.

Capitalism: A Treatise on Economics by George Reisman
An encyclopedic presentation (1000 pages) of the nature and value of capitalism.

Markets Don’t Fail by Brian P. Simpson
An excellent supplement to contemporary economics textbooks. Topics covered include monopoly, antitrust laws and predatory pricing, ‘externalities,’ safety and quality regulation, environmentalism, economic inequality, ‘public goods,’ and asymmetric information.

Free Market Economics, Third Edition: An Introduction for the General Reader by Steven Kates
A return to supply-side economics making Say’s Law central to understanding economic phenomena. Politics is mixed.

The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years by Lawrence White
“[P]erspectives on laissez-faire, socialism, and fascism; the Roaring Twenties, business cycle theories and the Great Depression; Institutionalism and the New Deal; the Keynesian Revolution; and war, nationalization and central planning. After 1945, the work explores the postwar revival of invisible-hand ideas; economic development and growth, with special attention to contrasting policies and thought in Germany and India; the gold standard, the interwar gold-exchange standard, the postwar Bretton Woods system and the Great Inflation; public goods and public choice; free trade versus protectionism; and finally fiscal policy and public debt.”

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