Austrian Economics

Why does the price of bread coordinate millions of strangers no one commands? Why do booms turn to busts with such grim regularity? In Austrian Economics: A Primer for the Liberty-Minded Reader, Dr. John M. Cobin distills the Austrian tradition into eight concepts that change how you see money, markets, and the state. Writing for the curious reader rather than the credentialed specialist, Cobin shows how subjective value, marginal thinking, spontaneous order, the role of prices, sound money, entrepreneurship, the business cycle, and the limits of central planning fit together into one coherent way of understanding the world. A pastor, longtime economics and public-policy consultant, and author of nineteen books, Cobin earned his PhD in public policy and has taught in both the United States and Chile. Clear, rigorous, and free of jargon, this primer equips liberty-minded readers to think for themselves about prosperity, freedom, and power.