{"product_id":"economic-logic-fourth-edition","title":"Economic Logic Fourth Edition","description":"“Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy\u003cbr\u003e\u003cbr\u003eThey 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).\u003cbr\u003e\u003cbr\u003eProfessor 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.\u003cbr\u003e\u003cbr\u003eThen 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).\u003cbr\u003e\u003cbr\u003eEconomic Logic also offers chapters on:\u003cbr\u003eThe international gold standard, the defects of central banking, and the Mises\/Hayek theory of the business cycle.\u003cbr\u003eA full critique of the Keynesian Aggregate Supply and Demand (AS-AD) model, and a revolutionary Austrian alternative.\u003cbr\u003eEntrepreneurship, the financial markets, environmental economics, monetary policy and inflation, federal spending and taxes, and government regulation.\u003cbr\u003eLeaders of all schools, including Austrian, Keynesians, Marxist, Chicago, and Public Choice.","brand":"Mark Skousen","offers":[{"title":"Default Title","offer_id":28996308631604,"sku":"9781621572268","price":24.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0077\/8151\/5316\/products\/9781621572268.jpg?v=1619531437","url":"https:\/\/regnery.myshopify.com\/products\/economic-logic-fourth-edition","provider":"Regnery Publishing","version":"1.0","type":"link"}