Tabla de Contenido
Introduction
1 Ethics, Economy, and Entrepreneurship
Part 1: Key Concepts
5 Trade
6 Resources
7 Cost
8 Institutions
9 Value
Part 2: Progress
11 Transaction Cost and Progress
12 Commerce and Progress
13 Production Possibilities Frontier
14 What Seems Like Progress
Part 3: Understanding Trade
15 Conditions for Trade
16 Comparative Advantage
17 Division of Labor
18 Buyers
19 Sellers
20 A Market: Supply and Demand
21 A Market Responds: Price and Quantity
22 Economic Surplus
23 Price Signals and Spontaneous Order
24 Price Controls
25 Economic Science: Putting Theory to the Test
26 Progress and Wealth Creation
Part 4: Trust, Agency, and Bystanders
27 Principal-Agent Framework
28 Cost to Bystanders
29 Competitors are not Bystanders
30 The Logic of the Commons
31 Environmental Tragedies
32 Property
33 Parcels
34 Communal Property
35 Trust
36 Benefits for Bystanders
37 Market Power
38 Monopoly Power
39 Monopsony Power
40 International Trade and Trade Protection
41 What Should Not Be for Sale
Part 5: Management of a Commercial Society
42 Financial Institutions
43 Fractional Reserve Banking
44 Measuring Economies
45 Gross Domestic Product
46 Unemployment Rate
47 Measuring the Price Level
48 Fiscal Policy
49 Monetary Policy
50 Public Choice
51 Corruption
Part 6: Personal and Business Finance
52 Accounting Basics
53 Compound Growth
54 Saving, Borrowing, and Investing
55 Marketing Fundamentals
56 Insurance
57 Break-Even Analysis
58 Budgeting
59 Financial Management
Part 7: Innovation and Entrepreneurship
60 Knowledge Discovery
61 It Takes More than Ideas
62 What Innovation Looks Like
63 Entry, Exit, and the Role of Profit
64 Creative Destruction
65 Entrepreneurs as Resource Integrators
66 Entrepreneurship as a Process
67 Markets Don’t Exist
68 Competitive Advantage - The Dynamics of Remaining Viable
69 The Big Errors