Economics in Action

By Brian Balfour

Far too many economics courses at the high school and college level teach economics as a stream of dry statistical equations. They pay little focus on what is at the core of economics: real people making decisions. Why are some nations rich while others remain desperately poor? Are economic booms and recessions inherent in a market-based economy? Why would an increase in demand for wood baseball bats impact the price of grand pianos? What motivates people to brush their teeth in the morning? The purpose of Economics in Action is to equip the reader with a sound mental framework through which to view and understand these and countless other patterns of behavior and complex phenomena that surround us every day. Based on the insights of the Austrian School of Economics and drawing from the work of Ludwig von Mises, Carl Menger and Murray Rothbard, Economics in Action will present economics not as a series of complex statistical equations but as real choices made by real human beings in the real world. Armed with this framework, Economics in Action provides analysis of key economic concepts and analysis of important current issues and exposing popularly-held, but damaging, economic fallacies. For teachers, Economics in Action includes reading comprehension questions and essay prompts at the end of each chapter to aid in class discussion and student mastery of these vital concepts. What People are Saying about Economics in Action : "There is a great deal more of value in the book, but I hope to have said enough to indicate its high quality. I highly recommend it not only to high school students but to all those who want to acquire a sound knowledge of the basics of Austrian economics. As usual, Robert Luddy has backed a winner." David Gordon Senior Fellow at the Mises Institute and Editor of the Mises Review . "Who should read Economics in Action? I would say that it should be read by anyone who desires to grasp the truth about economics--students and adults. But focusing on students, I would recommend that parents who want their children to be part of the solution, rather than part of the problem, should get this book for them. "Homeschooling parents will find that the book does a superb job of covering the basics and getting their children to think sensibly about economics. Parents who have children in schools might want to get this book for them as a supplement to the materials they will receive if they have an economics class--materials that will probably be full of falsehoods and disinformation. Countering the plague of economic falsehoods and disinformation that statists constantly spread is crucial to our liberty, and this book does so brilliantly." George Leef Director of Editorial Content for the James G. Martin Center for Academic Renewal

• Format: Paperback
• Language: English
• ISBN: B0C47JL9N7
• ISBN13: 9798362031411
• Release Date: April 2023
• Publisher: Independently published
• Length: 306 Pages
• Dimensions: 11.0" x 0.7" x 8.5"