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Per L. Bylund introduces economic reasoning through the choices people make, the resources they use and the exchanges they undertake. Written as a short primer, the book explains the Austrian approach to economics without requiring mathematical training.
Three parts cover economic theory, the market process and intervention. Topics include value and price, money, entrepreneurship, production, uncertainty, monetary policy and regulation. Bylund builds the discussion step by step, using the interaction of individual decisions to explain larger economic patterns.
This complete 2022 Mises Institute edition includes the foreword, nine chapters, conclusion, further reading and index. The publisher's Creative Commons Attribution–NonCommercial 4.0 notice remains in the original PDF.