They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving.
In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised fifth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
“Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving. Then he uses a powerful Hayekian four-stage model of the economy to introduce “macro,” including a new Austrian measure of spending at all stages of production (Gross Domestic Expenditures). Economic Logic also offers chapters on: The international gold standard, the defects of central banking, and the Mises/Hayek theory of the business cycle. A full critique of the Keynesian Aggregate Supply and Demand (AS-AD) model, and a revolutionary Austrian alternative. Entrepreneurship, the financial markets, environmental economics, monetary policy and inflation, federal spending and taxes, and government regulation. Leaders of all schools, including Austrian, Keynesians, Marxist, Chicago, and Public Choice.
In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised sixth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
The new edition of a comprehensive and rigorous but concise introduction to symbolic logic. Logic Primer offers a comprehensive and rigorous introduction to symbolic logic, providing concise definitions of key concepts, illustrative examples, and exercises. After presenting the definitions of validity and soundness, the book goes on to introduce a formal language, proof theory, and formal semantics for sentential logic (chapters 1–3) and for first-order predicate logic (chapters 4–6) with identity (chapter 7). For this third edition, the material has been reorganized from four chapters into seven, increasing the modularity of the text and enabling teachers to choose alternative paths through the book. New exercises have been added, and all exercises are now arranged to support students moving from easier to harder problems. Its spare and elegant treatment makes Logic Primer unique among textbooks. It presents the material with minimal chattiness, allowing students to proceed more directly from topic to topic and leaving instructors free to cover the subject matter in the way that best suits their students. The book includes more than thirty exercise sets, with answers to many of them provided in an appendix. The book’s website allows students to enter and check proofs, truth tables, and other exercises interactively.
If you are genuinely interested in what is wrong with modern economics, this is where you can find out. If you would like to understand the flaws in Keynesian macro, this is the book you must read. If you are interested in marginal analysis properly explained, you again need to read this book. Based on the classical principles of John Stuart Mill, it is what is missing today; a text based on explaining how an economy works from a supply-side perspective.
This collection of seminal readings in international political economy charts the historical and theoretical evolution of the field from the seventeenth century to the present day. Bringing together classic works and leading contemporary arguments, this book outlines the development of three schools of IPE thought - Economic Nationalism, Liberalism and Marxism - while also including theoretical perspectives beyond the dominant traditions. The third edition not only retains but increases the number of classic works from the previous editions while also updating the reader with contemporary writings reflecting the most important recent theoretical developments in the field. It also incorporates new theoretical terrains with sections on feminist and Green IPE, as well as a wholly new introduction. Readings include works by Thomas Mun, Adam Smith, David Ricardo, John Stuart Mill, Alexander Hamilton, Friedrich List, Karl Marx, Friedrich Engels, V. I. Lenin, Karl Kautsky, Robert Keohane, Andrew Moravcsik, Robert Wade, Benjamin Cohen, Robert W. Cox, Giovanni Arrighi, Roland Vaubel, Ronald Rogowski, Michael Hardt, Antonio Negri, Marieke de Goede, Ann Tickner, Spike Peterson, Eric Helleiner and Alf Hornborg. Providing many of the most frequently cited IPE references in a single volume, the third edition of The Theoretical Evolution of International Political Economy continues to be an essential resource for students of both international relations and international economics.
This collection of seminal readings in international political economy charts the historical and theoretical evolution of the field from the seventeenth century to the present day. Bringing together classic works and leading contemporary arguments, this book outlines the development of three schools of IPE thought - Economic Nationalism, Liberalism and Marxism - while also including theoretical perspectives beyond the dominant traditions. The third edition not only retains but increases the number of classic works from the previous editions while also updating the reader with contemporary writings reflecting the most important recent theoretical developments in the field. It also incorporates new theoretical terrains with sections on feminist and Green IPE, as well as a wholly new introduction. Readings include works by Thomas Mun, Adam Smith, David Ricardo, John Stuart Mill, Alexander Hamilton, Friedrich List, Karl Marx, Friedrich Engels, V. I. Lenin, Karl Kautsky, Robert Keohane, Andrew Moravcsik, Robert Wade, Benjamin Cohen, Robert W. Cox, Giovanni Arrighi, Roland Vaubel, Ronald Rogowski, Michael Hardt, Antonio Negri, Marieke de Goede, Ann Tickner, Spike Peterson, Eric Helleiner and Alf Hornborg. Providing many of the most frequently cited IPE references in a single volume, the third edition of The Theoretical Evolution of International Political Economy continues to be an essential resource for students of both international relations and international economics.
This text offers a presentation of the mathematics required to tackle problems in economic analysis. After a review of the fundamentals of sets, numbers, and functions, it covers limits and continuity, the calculus of functions of one variable, linear algebra, multivariate calculus, and dynamics.
