Contents: 1. The Axioms and Underlying Principles of a Free Market Economy 2. The Economics of the Free Market 3. Value Added 4. Governments and the Market 5. Factors of Production, Finance and the Role of the Entrepreneur 6. Supply and Demand 7. Supply and Demand – Beyond Equilibrium 8. Marginal Analysis 9. Measuring the Economy 10. An Interlude on the History of Economics 11. The Keynesian Revolution and Say’s Law 12. The Basic Keynesian Macroeconomic Model 13. Aggregate Demand and Aggregate Supply 14. The Classical Theory of the Business Cycle 15. Cyclical Activity and Governments 16. Saving and the Financial System 17. Controlling Inflation Index
Steven Kates, Senior Fellow, Centre for Labour Market Research, University of Canberra, Australia
Acclaim for the first edition:
*'Free Market Economics is virtually a must read for serious
economists . . . Highly recommended.'– Choice*
'A refreshing theoretical counterattack to the established
Keynesian world view that has left the West financially
overpromised, disastrously broke, and vulnerable to crank ideas.
Professor Kates has brilliantly resurrected Say's law of markets -
Keynes's old nemesis - into a new modern framework that forms the
foundation of a new sustainable economy.'
*Mark Skousen, editor, Forecasts & Strategies and formerly of the
Columbia Business School, US*
'Steven Kates has written an exciting new book on the basics of
economics. He avoids the dry and unrealistic assumptions of most
introductions to economics. He puts change, entrepreneurship,
uncertainty, decentralized knowledge and spontaneous order at the
center of his analysis. The reader will profit from this fresh
approach far more than from an ordinary textbook. This is a
treatment for the general reader that both respects and engages
one's intelligence.'
*Mario J. Rizzo, New York University, US*
'Steve Kates, an academic with business experience, does away with
the unrealistic abstractions that make economics inaccessible to
general readers. This book is about real, enterprising people with
whom we can identify, and about how ordinary economic life evolves
in conditions of uncertainty. We learn why vacuous modelling only
misleads us and why economic freedom and secure institutions are
essential to achieving the good life.'
*Wolfgang Kasper, University of New South Wales, Australia*
|
Ask a Question About this Product More... |
|
