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Free Market Economics: A Primer
- Narrated by: Joe Nagle
- Length: 1 hr and 35 mins
- Categories: Money & Finance, Economics
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Adam Smith (1723-1790) was a Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and The Wealth of Nations, his magnum opus and the first modern work of economics. It earned him an enormous reputation and would become one of the most influential works on economics ever published. Smith is widely cited as the father of modern economics and capitalism. Smith studied social philosophy at the University of Glasgow and the University of Oxford.
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Publisher's Summary
A concise and crystal clear explanation of how a free market economy works.
Widespread ignorance regarding free markets permeates both the Left and the Right. Not only are most talking heads ignorant of how a free market works, they don't even know what a free market is.
Does a free market economy lead to depressions, monopolies, unemployment, and price gouging, as critics allege? Or is it the antidote to such problems?
Moreover, doesn't a free market foster inequality? Doesn't it allow businessmen to exploit workers and rip-off consumers? Doesn't it allow the rich to get richer at everyone else's expense? Or does a free market benefit everyone?
Free Market Economics: A Primer explains simply and clearly what a free market is, how it works, and why it's practical.
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story5 out of 5 stars
- Jb
- 06-20-18
Great primer!
If you like Austrian Economics which you should! Outstanding and simple to understand. Great book.
1 person found this helpful