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Free Market Economics: An Introduction for the General Reader Hardcover – 30 August 2011

4.1 out of 5 stars 4 ratings

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Hardcover, 30 August 2011

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Product description


With evidence of economic dislocation still resonating around the world in the wake of the global financial crisis, this book is a timely introduction to economics based around a restatement of the case for the 'free market'. It explains clearly the importance of market processes both to the raising of living standards and to the protection of liberty. It anchors the case for the market not in a set of abstract mathematical theorems but in a much older tradition based upon a common sense understanding of what Marshall termed 'the everyday business of life'.

- Martin Ricketts, University of Buckingham, UK

Steve Kates, an academic with business experience, does away with the unrealistic abstractions that make economics inaccessible to general readers. This book is about real, enterprising people with whom we can identify, and about how ordinary economic life evolves in conditions of uncertainty. We learn why vacuous modelling only misleads us and why economic freedom and secure institutions are essential to achieving the good life.

- Wolfgang Kasper, University of New South Wales, Australia

Steven Kates has written an exciting new book on the basics of economics. He avoids the dry and unrealistic assumptions of most introductions to economics. He puts change, entrepreneurship, uncertainty, decentralized knowledge and spontaneous orders at the center of his analysis. The reader will profit from this fresh approach far more than from an ordinary textbook. This is a treatment for the general reader that both respects and engages one's intelligence. --Mario J. Rizzo, New York University, US

About the Author

Steven Kates, School of Economics, Finance and Marketing, RMIT University, Melbourne, Australia

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Product details

  • Publisher ‏ : ‎ Edward Elgar Pub (30 August 2011)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 352 pages
  • ISBN-10 ‏ : ‎ 1845423224
  • ISBN-13 ‏ : ‎ 978-1845423223
  • Dimensions ‏ : ‎ 15.88 x 2.54 x 23.5 cm
  • Customer Reviews:
    4.1 out of 5 stars 4 ratings

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Frank Reibold
5.0 out of 5 stars Contra Keynes
Reviewed in Germany on 1 May 2013
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Georg Thomas
5.0 out of 5 stars One of the Best Intros to Economics Ever Written
Reviewed in Germany on 14 May 2012
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John lamb
3.0 out of 5 stars A very good explanation of market concepts for non economists if you ...
Reviewed in the United States on 1 December 2014
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