The Concise Guide to Economics.pdf

The

Concise Guide

to Economics

Third Edition

Jim Cox

Ludwig

von Mises

Institute

AUBURN, ALABAMA

Underlying most arguments against the free market is a

lack of belief in freedom itself.

Milton Friedman

use or reporduce any part of this book, except for brief quotations in critical

reviews or articles.

Published by the Ludwig von Mises Institute, 518 West Magnolia Avenue,

Auburn, Alabama 36832; www.mises.org.

ISBN 978-1-933550-15-2

To my parents,

Harry Maxey Cox

and

Helen Kelly Cox

Acknowledgments

The clarity and accuracy of this writing has been much improved

due to the many helpful comments of those who read it in manuscript

form. Many thanks to Elliot Stroud, Carol Chappell, Nancy Stroud,

Scott Phillips, and most importantly, and lovingly, the late Dawn Baker.

I want to thank Judy Thommesen and William Harshbarger for their

work, patience, and attention to detail in the preparation of this new edi-

tion. Any errors remaining are of course of my own making.