Unabridged Edition
Welcome to the world of Ludwig von Mises. Professor Ritenour, through thoughtfully chosen excerpts from the vast canvas of Mises's works, has compiled an Economics in One Lesson for Mises. The beauty of The Mises Reader is that it can be read from all knowledge levels. The Reader begins with Mises's fundamental contribution, human action, the simple insight that man acts with purposeful intent to gain a specific result. Now that wasn't so hard! The rest of the book builds step-by-step from there, and in Mises's own words explains value, time, division of labor, capitalism, economic calculation, profit and loss, the nature of money, monetary theory, interest rates, business cycles, labor, and price controls, just to cover the main topics. There is even a chapter dedicated to Mises's refutation of Keynes, brilliantly dissecting some of the greatest fallacies still plaguing economics today.
Professor Ritenour has made the wisdom and thought of Ludwig von Mises truly available to the layperson for the first time. For those serious readers and students of Mises who desire a more in-depth treatment, The Mises Reader Unabridged has even more to offer: a chapter on the emergence of indirect exchange, an expanded look at Mises's economic method, and an additional 125 pages of scholarly material.
The Mises Reader is a book you can recommend to anyone as an undaunting introduction to the economics of Ludwig von Mises.