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Henry Hazlitt, Economics in One Lesson.
Both in terms of content and method, this is the best first
introduction to economics that is available. Reading it is an
excellent preparation for reading von Mises and Reisman. A true
gem. 218 pp. (P) (Please remember to complete your purchases from TJS before going to Amazon.com.) Frederic Bastiat, The Law. An economic and moral critique of government interference based on the identification that the government's interference constitutes forcible aggression against the citizens. This essay provides an excellent bridge between the political philosophy of Ayn Rand and economic theory. 76 pp. (P) (Please remember to complete your purchases from TJS before going to Amazon.com.) Frederic Bastiat, Economic Sophisms. A brilliant analysis of economic fallacies representing the fear of efficiency and greater production. Makes a perfect accompaniment to Hazlitt's Economics in One Lesson. 271 pp. (P) (Please remember to complete your purchases from TJS before going to Amazon.com.)
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Eugen von Böhm-Bawerk, Capital and Interest (3 vols. in one or three separate volumes). This classic contains not only Böhm-Bawerk's own theory of capital and interest and his answer to the Marxian exploitation theory, but also his careful development and elaboration of the principle of marginal utility and the theory of prices. One of its several great contributions is the recognition both that prices often are determined in the first instance by cost of production, as the classical economists maintained, and that when this is the case it is an instance of the operation of the law of diminishing marginal utility. 1202 pp. (Please remember to complete your purchases from TJS before going to Amazon.com.) Jerry Kirkpatrick, In Defense of Advertising. Based on the philosophy of Ayn Rand and the economics of Ludwig von Mises, this book, subtitled Arguments From Reason, Ethical Egoism, and Laissez-Faire Capitalism, maintains that the so-called social and economic criticisms of advertising are false because they derive from a false philosophic and economic world view. Only an alternative world view can validly refute the charges and put forth a positive moral evaluation of advertising's role in human life. The author defends advertising precisely because it appeals to the rational self-interest of consumers for the rationally selfish profit making gain of the capitalists. This book constitutes a major application of Objectivism that all of the philosophy's supporters can profit from. 200 pp. (P) (Please remember to complete your purchases from TJS before going to Amazon.com.)
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