How to Think about the Economy

This little book was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating. You will gain life-changing understanding of how the economy works in practically no time.

Per Bylund will make you excited about what economics has to offer. Because economic literacy is mind-opening. Sound economic reasoning is an enormously powerful tool for understanding both the economy and society. Economic literacy uncovers what is going on under the surface and why things work out as they do. There is no magic to it. In fact, economic literacy is necessary to properly understand the world.

Short, direct, axiomatically unassailable, and devastating to the mythology of modern economics. This book not only promote Mises’ views, but refutes and attacks the tragicomic orthodoxy of today’s economics mainstream.

Table of Contents

Part I: Economics

1. What Economics Is

2. Economic Theory

3. How to Do Economics

Part II: Market

4. A Process, Not a Factory

5. Production and Entrepreneurship

6. Value, Money, and Price

7. Economic Calculation

Part III: Intervention

8. Monetary Intervention

9. Regulatory Intervention

About the Author

Per L. Bylund, Ph.D., is associate professor of entrepreneurship and Johnny D. Pope Chair in the School of Entrepreneurship at Oklahoma State University. His research focuses on entrepreneurship and prosperity creation, often inspired by the “Austrian” perspective, and has been published widely. He was previously in Hankamer School of Business at Baylor University and the Trulaske College of Business at the University of Missouri, and has worked professionally on three continents.