Living Economics

Overview

A great supplemental text for the teaching of economics, this book offers a clear perspective and a passion for a deeper understanding of the subject. Economics is not merely a game to be played by clever professionals, but a discipline that touches upon the most pressing practical issues at any historical juncture. The wealth and poverty of nations is at stake; the length and quality of life turns on the economic conditions individuals find themselves living within. Touching upon a variety of subjects—including market socialism, political economy, and economics education—this reference contains the wisdom of an expert in the field.

Reviews

“A superb book. . . . It is vintage Boettke: engaging, witty, and chock full of insight. This book should be put in the hands of every first-year student of economics, if only to show them what they are missing!” —Bruce Caldwell, research professor of economics, Duke University

“A solid book that counters the excessive simulation of modern academic economics while, at the same time, avoiding the temptation to extend application of the logic beyond reasonable limits. Boettke concentrates on the primary purpose of economics, which is to convey an understanding of how, within properly designed institutional constraints, operative markets generate and distribute value without overt conflict.” —James M. Buchanan, distinguished professor emeritus of economics, George Mason University

“Peter Boettke's book Living Economics not only is splendidly characterized by broad erudition, solid analysis, shrewd observation, and expositional clarity, it appears at a propitious moment.”  —William R. Allen, professor emeritus of economics, University of California–Los Angeles

“A remarkable book. The volume luminously reflects the amazing breadth of Professor Boettke’s reading, and the deep and careful thoughtfulness with which he reads.”  —Israel M. Kirzner, professor emeritus of economics, New York University

Author Biography

Peter J. Boettke is a research fellow at the Independent Institute, a professor of economics at George Mason University, and the editor of the Review of Austrian Economics. He is also the recipient of the Golden Dozen Award for Excellence in Teaching from the College of Arts and Sciences at New York University and the author of several books, including Calculation and Coordination: Essays on Socialism and Transitional Political Economy; The Political Economy of Soviet Socialism: The Formative Years, 1918–1928; and Why Perestroika Failed: The Economics and Politics of Socialism Transformation. He lives in Fairfax, Virginia.