Lessons for the Young Economist

Title Page
Contents
Acknowledgments
Part I: Foundations
	Lesson 1: Thinking Like an Economist
	Lesson 2: How We Develop Economic Principles
	Lesson 3: Economic Concepts Implied By Action
	Lesson 4: "Robinson Crusoe" Economics
Part II: Capitalism: The Market Economy
	Lesson 5: The Institution of Private Property
	Lesson 6: Direct Exchange and Barter Prices
	Lesson 7: Indirect Exchange and the Appearance of Money
	Lesson 8: The Division of Labor and Specialization
	Lesson 9: Entrepreneurship and Competition
	Lesson 10: Income, Saving, and Investment
	Lesson 11: Supply and Demand
	Advanced Lesson 12: Interest, Credit, and Debt
	Advanced Lesson 13: Profit and Loss Accounting
	Advanced Lesson 14: The Stock Market
Part III: Socialism: The Command Economy
	Lesson 15: The Failures of Socialism- Theory
	Lesson 16: The Failures of Socialism- History
Part IV: Interventionism: The Mixed Economy
	Lesson 17: Price Controls
	Lesson 18: Sales and Income Taxes
	Lesson 19: Tariffs and Quotas
	Lesson 20: The Economics of Drug Prohibition
	Lesson 21: Inflation
	Advanced Lesson 22: Government Debt
	Advanced Lesson 23: The Business Cycle
Glossary