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      Greatest Books
        Top 10 Economics Textbooks
    (As of: 28-Jan-2002)

    The Foundation for Economic Education (FEE) was founded in 1946 to promote individual freedom, private property, limited government, and free trade. Its stated mission is "to study the moral and intellectual foundation of a free society and to share its knowledge with individuals everywhere." Shown below are its top 10 recommended textbooks for teaching economics.

    Source: Foundation for Economic Education

       
      Rank   Book
      1
    Economic Way of Thinking
    by Paul Heyne

    Now in its eighth edition, The Economic Way of Thinking focuses primarily on the micro foundations of the economy and avoids defective macro concepts such as aggregate supply and aggregate demand.
     
      2
    Economics: Private and Public Choice
    by James D. Gwartney, Richard L. Stroup, Russell S. Sobel

    Also in its eighth edition, Economics: Private and Public Choice is another favorite. It consistently applies market principles to a host of problems, including the environment, taxes, and government spending.
     
      3
    Economic Logic
    by Mark Skousen

    This new economics textbook presents economic concepts in a revolutionary way. It begins with the profit-loss statement, for example. Each chapter is supported with real world examples, biographies of pertinent economists and recommended reading.
     
      4
    Principles of Economics
    by N. Gregory Mankiw

    Greg Mankiw's popular new textbook, Principles of Economics, begins its macro section with the classical model (which he terms "the real economy in the long run") and relegates the short-term aggregate supply-aggregate demand model to the back of the book.
     
      5
    Principles of Economics
    by Roy J. Ruffin, Paul R. Gregory

    Another free-market textbook that puts classical economics ahead of the Keynesian model is Principles of Economics published by Addison-Wesley and authored by Roy J. Ruffin and Paul R. Gregory.
     
      6
    The Making of Modern Economics: The Lives and Ideas of the Great Thinkers
    by Mark Skousen

    A bold, new account of the lives and ideas of the great economists -- Adam Smith, Karl Marx, John Maynard Keynes, Ludwig von Mises, Milton Friedman, and many others -- all written by a top free-market economist.
     
      7
    The American Economy in the Twentieth Century
    by Gene Smiley

    Gene Smiley of Marquette University has written a first-rate textbook for American economic history classes: The American Economy in the Twentieth Century, published by South-Western Publishing.
     
      8
    A History of Economic Theory and Method
    by Robert B. Ekelund, Robert F. Hebert

    This book provides in-depth coverage of economic ideas from Plato to the present. It delivers today's student powerful insight into the broad scope of past intellectual contributions to the evolution of contemporary economic thinking.
     
      9
    The Mystery of Banking
    by Murray N. Rothbard

    Noted Austrian School economist Murray Rothbard demystifies banking theory and history in the United States in this 1983 book suitable for use as a textbook. Beginning with an explanation of money and its importance, Rothbard then discusses money supply and demand, the various types of banking systems, and the unique American history that let to our current fractional reserve central banking system.
     
      10
    Antitrust and Monopoly: Anatomy of a Policy Failure
    by Dominick T. Armentano

    Armentano, a professor of economics at the University of Hartford, authored Antitrust and Monopoly: Anatomy of a Policy Failure. It is an ideal supplement in classes on industrial organization.
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