Title: Free market economics : an introduction for the general reader /
Authors: Kates, Steven, 1948-
Year: 2017
Subjects: Free enterprise; Free enterprise
Abstract: Addressing the needs of anyone who wishes to understand how an economy works, this text examines various issues including entrepreneurs, value added, the nature of the market, radical uncertainty, Say's Law and the causes of the business cycle.
Contents: The axioms and underlying principles of a free market economy -- The economics of the free market -- Value added -- Governments and the market -- Factors of production, finance, innovation and the role of the entrepreneur -- Supply and demand -- Supply and demand: beyond equilibrium -- Marginal analysis -- Measuring the economy -- An interlude on the history of economics -- The Keynesian Revolution and Say's Law -- The basic Keynesian macroeconomic model -- Aggregate demand and aggregate supply -- The classical theory of the business cycle -- The classical theory of growth and recessions -- Cyclical activity and governments -- Savings and the financial system -- Controlling inflation.