When economists use this term, they mean: property rights, honest government, political stability, dependable legal system, and competitive and open markets. Why are these considered important for an economy?
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The Reading Lists by Topic pages contain some suggested readings organized by topic, including materials available on Econlib. Brief reviews or descriptions are included for many items.
Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic.
These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested students, home schoolers, and newcomers to the topic of economics.
Introduction Definitions and Basics Adam Smith, biography from the Concise Encyclopedia of Economics Smith saw the main cause of prosperity as increasing division of l...
A College Economics Guide Supplementary resources for college students Introduction Competition is a familiar activity for every school child who plays games, from sch...
Introduction You may wonder what property rights have to do with economics. Your property--your house, your car, your pets--are items you buy and own. There are also intelle...
Introduction Inflation refers to an increase in the price level that goes on for a long period of time--months or even years on end. Inflation refers to an ongoing increase in t...
Introduction Definitions and Basics Health Care, by Michael A. Morrisey. Concise Encyclopedia of Economics Health care is different from other goods and services: th...
An Economics Reading List Barro, Robert, Modern Business Cycle Theory Bordo, Michael, Claudia Goldin and Eugene White, (eds.), The Defining Moment: The Great Depression and the...