Table of Contents

Contents: Introduction 1. The axioms and underlying principles of a free market economy 2. The economics of the free market 3. Value added 4. Governments and the market 5. Factors of production, finance, innovation and the role of the entrepreneur 6. Supply and demand 7. Supply and demand: beyond equilibrium 8. Marginal analysis 9. Measuring the economy 10. An interlude on the history of economics 11. The Keynesian Revolution and Say’s Law 12. The basic Keynesian macroeconomic model 13. Aggregate demand and aggregate supply 14. The classical theory of the business cycle 15. Cyclical activity and governments 16. Savings and the financial system 17. Controlling inflation Index

About the Author

Steven Kates, Senior Fellow, Centre for Labour Market Research, University of Canberra, Australia

Reviews

'This book presents the very embodiment of supply-side economics. At its very core is the entrepreneur trying to work out what to do in a world of deep uncertainty in which the future cannot be known. Crucially, the book is entirely un-Keynesian, restoring Say's Law to the centre of economic theory, with its focus on value-adding production as the source of demand. If you would like to understand how an economy actually works, this is one of the few places I know of where you can find out.'
--Arthur B. Laffer, Laffer Associates, US