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Rank
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Book
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1 |
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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.
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2 |
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Economics
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.
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3 |
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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.
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4 |
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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.
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5 |
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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.
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6 |
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The Making of Modern Economics
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.
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7 |
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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.
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8 |
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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.
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9 |
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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.
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10 |
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Antitrust and Monopoly
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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