Economics is the science of individuals allocating their scarce means (time, energy, money, and other resources) toward the achievement of their unlimited wants (better car, more security, nicer home, fuller life, etc.). Notice that not all these things are material!" See this article to explore this important distinction: Link.
Hence economics is one of the most useful tools for figuring out how to live your life best – the way you want it lived. It does not answer all your questions, but it answers many.
What follows here are resources we have found that do a great job in explaining the science (the method of thinking) and answering many of the key questions.
We encourage you to explore whatever looks interesting to you. Not every resource here is perfect or exactly something we would agree with in all aspects. But they all contain basic truth that we think you will find worthwhile, and will help you improve your “economic way of thinking” and come to conclusions that will help you in life.
The basic idea that stimulus is needed to right the ship has been quite popular especially in the minds of academics and those advocating larger government.
The hip-rap videos at right portrays this difference in an entertaining rap tune.
The difference is well portrayed as the difference between prudence and fiscal responsibility and the opposite.
Economics in One Lesson by Henry Hazlitt
The Incredible Bread Machine by Susan Love Brown, et al
Planning for Freedom by Ludwig von Mises
Economic Policy by Ludwig von Mises
The Road to Serfdom by Friedrich von Hayek
What Has Government Done to our Money by Murray Rothbard
Capitalism and Freedom by Milton Friedman
Free to Choose by Milton Friedman (See the 10 part series of award winning videos beginning on this page that gave rise to the book - at this Link.)
Capitalism: The Unknown Ideal by Ayn Rand, et al
Making Great Decisions in Business and Life by David R. Henderson and Charles L. Hooper Amazon Link
Socialism by Ludwig von Mises Link
Theory and History by Ludwig von Mises Link
An Inquiry into the Nature and Causes of the The Wealth of Nations by Adam Smith Link
Human Action by Ludwig von Mises Link
Man, Economy and State by Murray Rothbard Link
The Incredible Bread Machine: See the award winning video on the right, for excellent 1970s adaptation of this book to film.
FEE In Brief Link
Laissez Faire Today Link
Cafe Hayek Link
Free Banking Link