I finished reading Gene Callahan’s, Economics for Real People, a while ago but never had the chance to write a blog post about it. I can sum up the book in three words, I loved it!
This book lays out the basic building blocks, in layman’s terms, to what Austrian school of economics is and how it should be the preferred method of organizing an economy at both the macro and micro levels.
What I really liked about this book was how simply any reader can grasp the Austrian school of economic theory and apply it to real life. Callahan uses many examples in the beginning by creating a hypothetical society, beginning with one man on an island and then applying the principles of the theory as the population expands.
After reading this book, the reader will understand the argument and relevance for the Austrian school of economics and be a convert for sure.
Where did you first came to know of Austrian economics?
Sherry, I kind of stumbled upon it a few years ago with I started reviewing the positions on using a gold standard.