The Market Economy: A Reader outlines the characteristics and philosophical underpinnings of the market economy and its usefulness in the allocation of resources. This anthology offers a comprehensive... This description may be from another edition of this product.
This is a mix of two things - first, it is a good set of readings from key economic thinkers - Hayek, Bastiat and others. Then each section is introduced with a story about Jim Doti's Italian family in Chicago - that illustrate the principles in the section. Dwight Lee and Jim Doti are first rate economists - Dwight Lee has contributed heavily to Public Choice economics and Doti is both the president of a University and the founder of the Chapman economic forecast. But don't let the academic ties turn you off. This ranks with Henry Hazlitt's masterpiece as a wonderful introduction to markets.
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