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Capitalism: A Treatise on Economics

George Reisman

2 readers recommend it across 2 discussions

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WalterBright
"Monetary History of the United States" by Milton Friedman. It's tough sledding, but worth it. And by giving the history, one comes to understand how we got to where we are. "Capitalism" by Reisman gives a solid theoretical foundation on topics like rent control, inflation, etc. I especially found illuminating its coverage of the 1970's oil crisis and how the root cause of it was price controls. I'd avoid economics books written by journalists and politicians, as all I've run across are dominated by ignorance, bias, and agendas. Ones by economists often have agendas, too, but they aren't nearly as ignorant. Just imagine a technical book about electronics written by a journalist, and you'll know what I mean.
mindcrime
The Law - Frédéric Bastiat. http://bastiat.org/en/the_law.html Capitalism - A Treatise on Economics - George Reisman. http://www.capitalism.net/Capitalism/CAPITALISM_Internet.pdf The Works of Lysander Spooner. http://lysanderspooner.org/node/2 The Machinery of Freedom David Friedman. - http://daviddfriedman.com/The_Machinery_of_Freedom_.pdf Democratizing Innovation - Eric Von Hippel. http://web.mit.edu/evhippel/www/democ1.htm The Sources of Innovation - Eric Von Hippel. http://web.mit.edu/evhippel/www/sources.htm Introduction to Information Retrieval - http://nlp.stanford.edu/IR-book/html/htmledition/irbook.html Information Theory, Inference, and Learning Algorithms - David MacKay. http://www.inference.phy.cam.ac.uk/itprnn/book.html Introduction to Cybernetics - William Ross Ashby. http://pespmc1.vub.ac.be/books/IntroCyb.pdf "Man-Computer Symbiosis" and "The Computer As A Communication Device" - J.C.R. Licklider. http://memex.org/licklider.pdf Design For A Brain - William Ross Ashby. https://archive.org/details/designforbrainor00ashb The Writings of Douglas Engelbart. http://www.dougengelbart.org/library/library.html…