3 All-Time Favourite Economic Books

NAME three economic books that have had a profound influence on you and why?

Economics in One Lesson, by Henry Hazlitt, and The Law, by Frédéric Bastiat, would be two of my favourites, for their ability to introduce new students to economics and liberty.

Hazlitt reduced the whole teaching of economics to a few principles and explained them in ways that people would never forget, and I love his choice of words, for an example his explanation of Bastiat’s “The Broken Window Fallacy“.

Even though, such texts as Human Action or Man, Economy, and State, are great for their complete and comprehensive overview of economics.

I very much prefer Hazlitt’s and Bastiat’s books for their writing style, ability to reach wide audiences, and for being simple in their break down of common economic fallacies.

I would even go as far to say Bastiat is my favourite economist, his book questions the law and tells us when a law is unjust, for his famous term ‘legal plunder’ see my article on Blunder or Plunder?

The third, book would be The Case Against the Fed, by Murray Rothbard, particularly because I find it astonishing how the central bank operates, he has also written about the effects on education too.

All of these books have corrected my worldview, and I could not imagine myself majoring in economics had these books not been written.

What are some of your favourite economic books?

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Copyright © 2016 Zoë-Marie Beesley

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