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To rob the public, it is necessary to deceive them, Bastiat said and believed. He reasoned, employing repetition to various applications, against fallacious arguments promoting the Protection of industries to the detriment of consumers and society. (Summary by Katie Riley)...

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Economics/Political Economy

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A clear boundary exists between the servile and the non-servile condition of labour, and the conditions upon either side of that boundary utterly differ one from another, Where there is compulsion applicable by positive law to men of a certain status, such compulsion enforced in the last resort by the powers at the disposal of the State, there is the institution of Slavery ; and if that institution be sufficiently expanded the whole State may be said to repose upon a servile basis, and is a Servile State. (Hilaire Belloc)...

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Economics/Political Economy

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An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith, published on March 9, 1776 during the Scottish Enlightenment. It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely considered to be the first modern work in the field of economics. (Summary from Wikipedia)...

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Economics/Political Economy

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Principles of Economics is a leading economics textbook by Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period.(Wikipedia)...

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Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Wikipedia)...

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Economics/Political Economy

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Bastiat asserted that the only purpose of government is to defend the right of an individual to life, liberty, and property. From this definition, Bastiat concluded that the law cannot defend life, liberty and property if it promotes socialist policies inherently opposed to these very things. In this way, he says, the law is perverted and turned against the thing it is supposed to defend....

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Economics/Political Economy

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Marx's tract which lays out the tenets of Communism ( Summary by Mark )

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Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all.(Wikipedia)...

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Economics/Political Economy

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An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith, published on March 9, 1776 during the Scottish Enlightenment. It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely considered to be the first modern work in the field of economics. (from Wikipedia)...

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Economics/Political Economy

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Macht oder ökonomisches Gesetz? by Eugen von Böhm-Bawerk (1851 - 1914) Language: Deutsch (German) Böhm-Bawerk, Mitbegründer der Österreichischen Schule der Nationalökonomie, erörtert, ob ökonomische Gesetze auch für den Staat gelten. (Zusammenfassung von redaer) Böhm-Bawerk, Macht oder ökonomisches Gesetz? Zeitschrift für Volkswirtschaft, Sozialpolitik und Verwaltung, Bd. XXIII (S.205–271)...

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Economics/Political Economy

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An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith, published on March 9, 1776 during the Scottish Enlightenment. It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely considered to be the first modern work in the field of economics....

Excerpt Details
Economics/Political Economy

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An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith, published on March 9, 1776 during the Scottish Enlightenment. It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely considered to be the first modern work in the field of economics. (from Wikipedia)...

Excerpt Details
Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Wikipedia)...

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Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Wikipedia)...

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Economics/Political Economy

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This lengthy political essay by noted Canadian humourist Stephen Leacock was written while he was professor of political economy at McGill University. He argues for a middle ground between capitalism and pure socialism. Listeners in the early 21st century may find this 90-year old essay oddly topical. (Summary by Sean Michael Hogan)...

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Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Wikipedia)...

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Economics/Political Economy

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the Principles of Economics in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Wikipedia)...

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Economics/Political Economy

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H. G. Wells's proposal for social reform was the formation of a world state, a concept that would increasingly preoccupy him throughout the remainder of his life. One of his most ambitious early attempts at portraying a world state was A Modern Utopia (1905). A Modern Utopia was intended as a hybrid between fiction and 'philosophical discussion'. Like most utopists, he has indicated a series of modifications which in his opinion would increase the aggregate of human happiness. Basically, Wells' idea of a perfect world would be if everyone were able to live a happy life. This book is written with an intimate knowledge of former ideal commonwealths and is a conscious attempt to describe a utopia that is not utopian....

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Politics, Economics/Political Economy, Fiction

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Jack London lived for a time within the grim and grimy world of the East End of London, where half a million people scraped together hardly enough on which to survive. Even if they were able to work, they were paid only enough to allow them a pitiful existence. He grew to know and empathise with these forgotten (or ignored) people as he spoke with them and tasted the workhouse, life on the streets, ... and the food, which was cheap, barely nutritious, and foul. He writes about his experiences in a fluid and narrative style, making it very clear what he thinks of the social structures which created the Abyss, and of the millionaires who live high on the labours of a people forced to live in squalor. ... The food this managing class eats, the wine it drinks, ... the fine clothes it wears, are challenged by eight million mouths which have never had enough to fill them, and by twice eight million bodies which have never been sufficiently clothed and housed. (Summary by Peter Yearsley)...

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Memoirs, Economics/Political Economy

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Orignally written as a series of newspaper articles in 1847, Wage-Labour and Capital was intended to give an overview of Marx’s central threories regarding the economic relationships between workers and capitalists. These theories outlined include the Marxian form of the Labour Theory of Value, which distinguishes “labour” from “labour-power”, and the Theory of Concentration of Capital, which states that capitalism tends towards the creation of monopolies and the disenfranchisement of the middle and working classes. These theories were later elaborated in Volume 1 of Capital, published in 1867. This edition of Wage-Labour and Capital, published in 1891, was edited and translated by Friedrich Engels, and remains one of the most widely read of Marx’s works. (Description by Carl Manchester)....

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Economics/Political Economy, Politics

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This nonfiction collection of sketches, by members of the New York press, takes the reader on a tour of 1866 New York City after dark, with stops along the way to vividly depict scenes ranging from the splendid to the squalid - but focusing largely on the latter! (Summary by Grant Hurlock)...

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Economics/Political Economy, Essay/Short nonfiction, History

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As contemporary today as it was over a century ago, this relatively unsentimental tale of labor relations still packs a punch. (Summary by BellonaTimes)...

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Economics/Political Economy, Historical Fiction, Politics

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This little book shows, in a short, clear, and systematic manner, how the principle of Non-Resistance, about which Tolstoy has written so much, is related to economic and political life. (Summary by Aylmer Maude, Translator)...

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Economics/Political Economy, Politics

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In 1623, Francis Bacon expressed his aspirations and ideas in New Atlantis. Released in 1627, this was his creation of an ideal land where people were kind, knowledgeable, and civic-minded. Part of this new land was his perfect college, a vision for our modern research universities. Islands he had visited may have served as models for his ideas. ( Summary by Wikipedia )...

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Economics/Political Economy, Politics, Science, Religion, Myths/Legends

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Written in a conversational style that will appeal to the younger person as well as seasoned professional, Thinking as a Science is timeless classic. Through eleven chapters, the last being a descriptive, annotated bibliography, Henry Hazlitt systematically takes the step-by-step on the process of introducing logic and context into the thinking process. The rather long chapter on Reading and Thinking clarifies several notions on where one needs to understand where mere knowledge acquisition ends and using reading the stimulate thinking begins. For an individual who was largely self taught, Hazlitt's contribution to the process of thinking is a must-read.(Summary by Chiquito Crasto)...

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Economics/Political Economy, Psychology

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“(T)he past is what man should not have been. The present is what man ought not to be. The future is what artists are.” Published originally as “The Soul of Man Under Socialism,” this is not so much a work of sober political analysis; rather it can be summed up as a rhapsodic manifesto on behalf of the Individual. Socialism having deployed technology to liberate the whole of humanity from soul-destroying labour, the State obligingly withers away to allow the free development of a joyful, anarchic hedonism... “Is this Utopian? A map of the world that does not include Utopia is not worth even glancing at, for it leaves out the one country at which Humanity is always landing.” Far from abandoning the epigram in favour of the slogan, Wilde wittily assails several of his favourite targets: the misguided purveyors of philanthropy; life-denying ascetics of various kinds; the army of the half-educated who constitute themselves the enemies of Art - and those venal popular journalists who cater to them... “Behind the barricade there may be much that is noble and heroic. But what is there behind the leading-article but prejudice, stupidity, ca...

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Essay/Short nonfiction, Economics/Political Economy, Politics

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A novel, with several elements of rather unusual interest. As a tale, it is swift, simple, and absorbing, and one does not willingly put it down until it is finished. It has to do with grain-elevator business, with railways, strikes, and commercial and financial matters generally, woven skilfully into a human story of love. -- The Commercial Advertiser 'Calumet K' is a novel that is exciting and absorbing, but not the least bit sensational. It is the story of a rush.... The book is an unusually good story; one that shows the inner workings of the labor union, and portrays men who are the bone and sinew of the earth.-- The Toledo Blade . The heroine in this case is the hero's stenographer; but the action of the story grows out of the attempt of rival capitalists and grain men to balk the building of a grain elevator by a set date. -- The Burlington Free Press (Excerpts from the advertising material at the end of /the-merry-anne-by-samuel-merwin/ The Merry Anne by Samuel Merwin) Note: This book contains racial comments that may be offensive to modern listeners....

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Adventure, Economics/Political Economy, Fiction, Romance

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In the 1880s William Morris, the artist and poet famously associated with the Arts and Crafts movement, left the Liberal Party and threw himself into the Socialist cause. He spoke all over the country, on street corners as well as in working men's clubs and lecture halls, and edited and wrote for the Socialist League's monthly newspaper. Signs of Change is a short collection of his talks and writings in this period, first published in 1888, covering such topics as what socialism and work should be, and how capitalism and waste developed. (Summary by Deborah Brabyn)...

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Economics/Political Economy, History, Politics

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Other People's Money and How the Bankers Use It is a collection of essays written by Louis Brandeis published as a book in 1914. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which Brandeis alleged were working in concert to prevent competition. Brandeis harshly criticized investment bankers who controlled large amounts of money deposited in their banks by middle-class people. The heads of these banks, Brandeis pointed out, routinely sat on the boards of railroad companies and large industrial manufacturers of various products, and routinely directed the resources of their banks to promote the interests of their own companies. These companies, in turn, sought to maintain control of their industries by crushing small businesses and stamping out innovators who developed better products to compete against them. Brandeis supported his contentions with a discussion of the actual dollar amounts -- in millions of dollars -- controlled by specific banks, industries, and industrialists such as J. P. Morgan, noting that these interests had ...

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Economics/Political Economy, Instruction

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This biography is actually a series of essays by prominent personalities of the time that shed light on John Stuart Mill's life and areas of endeavor. Those areas include his experiences in India House, his moral character, certain botanical explorations, how effective he was as a critic, studies in morals and the law, and discoveries concerning political economy. They also explore ideas concerning his influence on institutions of higher learning, accomplishments as a politician, and fame as a philosopher. (Summary by Bill Boerst)...

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Biography, Economics/Political Economy, History, Philosophy, Nature, Politics

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Lysander Spooner (1808 – 1887) was an American individualist anarchist, entrepreneur, political philosopher, abolitionist, supporter of the labour movement, and legal theorist of the nineteenth century. Here he gives his views on the role of Governments in the private lives of their citizens (Summary by Annise)...

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Philosophy, Economics/Political Economy

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Read in English, this is a pivotal document in the history of Zionism and the State of Israel. Herzl designed this work to elevate the discussion of the Jewish Question so it would no longer take the form of violent abuse or sentimental vindication but of a debate, practical, large, earnest, and political. While few of Herzl's proposals were actually carried out, the importance of A JEWISH STATE was in the groundswell of support for a Jewish homeland engendered by its solutions to the practical problems of establishing a new state. In the words of a contemporary, [Herzl] made it seem possible. Benjamin Ze’ev Herzl (1860-1904) was a Hungarian writer, political economist, and Jewish activist. (Summary by Adrian Praetzellis)...

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Economics/Political Economy, History, Religion

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This is Mill’s first work on economics. It foreshadows his _Political Economy_ which was the standard Anglo-American Economics textbook of the late 19th and early 20th centuries. Mill’s economic theory moved from free market capitalism, to government intervention within the precepts of Utilitarianism, and finally to Socialism. [Summary written by the reader]...

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Philosophy, Economics/Political Economy

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This investigation of Bacon the scholar and man of letters begins with a look at the early days ang progresses to his relationships with Queen Elizabeth and James I. It includes accounts of his positions as solicitor general, attorney-general, and chancellor. The book concludes with Bacon's failure, his overall philosophy, and summaries of his writings. ( Summary by Bill Boerst )...

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Biography, Economics/Political Economy, History, Literature, Philosophy, Politics, Religion, Science

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Wells considered this book one of his most important, a natural follow-up to such works as his Man of the Year Million and The Time Machine. His goal was to get people to think and act in new ways. The book starts with a look at how humans get along socially and how they carry out their business ventures. It then discusses how these elements influence others, such as politics, the world of work, and education. H. G. tried to make clear how the current social order was disintegrating without preparing another to take its place. He then traced the roots of democracy, which in its present state he saw as unworkable. Instead, he proposed a new republic. He also critiqued modern warfare. (Summary by Bill Boerst)...

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Advice, Economics/Political Economy, Instruction, History, Philosophy, Politics, Psychology, Science

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After the American Civil War, John R. Lynch, who had been a slave in Mississippi, began his political career in 1869 by first becoming Justice of the Peace, and then Mississippi State Representative. He was only 26 when he was elected to the US Congress in 1873. There, he continued to be an activist, introducing many bills and arguing on their behalf. Perhaps his greatest effort was in the long debate supporting the Civil Rights Act of 1875 to ban discrimination in public accommodations. In 1884 Lynch was the first African American nominated after a moving speech by Theodore Roosevelt to the position of Temporary Chairman of the Republican National Convention in Chicago, Illinois. During the Spanish-American War of 1898, he was appointed Treasury Auditor and then Paymaster under the Republicans. In 1901, he began serving with the Regular Army with tours of duty in the United States, Cuba, and the Philippines. Lynch retired from the Army in 1911, then married Cora Williams. They moved to Chicago, where he practiced law. He also became involved in real estate. After his death in Chicago 1939 at the age of 92, he was buried with milita...

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Economics/Political Economy, History, Memoirs, Politics