Econ 201 – Economics in One Lesson

admin — Tue, 24 Apr 2012 11:46:00 +0000

Economics in One Lesson is an excellent intro into free market economics. The book, written by Henry Hazlitt, is largely based on the writings of Frederic Bastiat. Bastiat’s Essays on Political Economy were brought to a more modern light with Hazlitt’s work, but you will see that the economic principle remains the same.

The following are interviews with various modern free market economists who summarize various chapters and concepts within the book. We highly recommend the book itself, but these videos do an excellent job of presenting the information.

Purchase the book: Economics in One Lesson

Part 1: Introduction (Chapter 1)
Part 2: The Broken Window Fallacy, Blessings of destruction (Chapters 2 and 3)
Part 3: Public Works Mean Taxes, Taxes Discourage Production (Chapters 4 and 5)
Part 4: Credit Diverts Production (Chapter 6)
Part 5: The Curse of Machinery, Spread-the-Work Schemes (Chapters 7 and 8 )
Part 6: Disbanding the Troops and Bureaucrats, The Myth of Full Employment (Chapters 9 and 10)
Part 7: Who’s Protected by Tariffs?, Drive for Exports (Chapters 11 and 12)
Part 8: Parity Prices , Saving the “X” Industry (Chapters 13 and 14)
Part 9: How the Price System Works, Stabilizing Commodities Government Price Fixing (Chapters 15, 16 and17)
Part 10: Minimum Wage Laws, Do Unions Really Raise Wages? (Chapters 18 and 19)
Part 11: The Function of Profits, The Mirage of Inflation (Chapters 20 and 21)
Part 12: The Assault on Savings (Chapter 23)

Basic Study Guide

admin — Fri, 26 Mar 2010 18:46:39 +0000

We have put together this University of Common Sense study guide to help visitors get started in their rediscovery of Liberty and related topics in bite size pieces. This guide is a mix of recommended videos, articles and books related to Liberty, the Constitution, the role of government, money and economics. Learn what it means to be free according to our founding; why the US is not a democracy but instead a Republic; original Constitutional principles, how wealth is created and a sobering look at our national debt. We have also included a list of the top 5 must read books, but don’t stop there, keep learning! If you find this guide helpful, make sure to share it with your friends and family!

“Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.”
— Thomas Jefferson to James Madison, 1787