{"product_id":"economics-and-free-markets-an-introduction-libertarianism-org-guides","title":"Economics and Free Markets: An Introduction (Libertarianism.Org Guides)","description":"How Does the Economy Work?\nWhen we stop to consider it, a free economy is a marvel. Millions of people, mostly unknown to one another, each producing some particular good or service, somehow manage to coordinate their actions in a vast, cooperative, productive order with no one in charge. How does it work?\nEconomics helps us understand.\nThis book introduces the concepts on which all of economics is founded, concepts such as subjective value and gains from trade, scarcity and opportunity cost, thinking at the margin, division of labor, and comparative advantage. It then introduces the foundational theory with which we understand how market prices emerge and change to reflect changing conditions: supply and demand analysis.\nIt also introduces the principles that underlie spontaneous economic order: market prices provide the information we need to coordinate our actions with others' actions, while profit-and-loss feedback guides entrepreneurs as to how best to satisfy others' wants. Private property rights and freedom of exchange give us the incentive to interact in mutually beneficial ways.\u003cbr\u003eASIN: 1944424504\u003cbr\u003eVSKU: LFV.1944424504.VG\u003cbr\u003eCondition: Very Good\u003cbr\u003eAuthor\/Artist:Baetjer Jr, Howard\u003cbr\u003eBinding: Paperback\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: Book is in very good condition.  Clean with little to no signs of wear or markings highlights.  \u003cbr\u003e","brand":"Books for Life","offers":[{"title":"Default Title","offer_id":50698664640709,"sku":"LFV.1944424504.VG","price":7.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0650\/2914\/4773\/files\/1944424504-0.jpg?v=1791997218","url":"https:\/\/www.booksforlife.store\/products\/economics-and-free-markets-an-introduction-libertarianism-org-guides","provider":"Books for Life","version":"1.0","type":"link"}