They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving.

Author Skousen takes a refreshing, intellectually independent approach to economics, beginning with sound economics from all free-market schools of thought and using it to analyze all competing theories.

In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised fifth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.

“Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving. Then he uses a powerful Hayekian four-stage model of the economy to introduce “macro,” including a new Austrian measure of spending at all stages of production (Gross Domestic Expenditures). Economic Logic also offers chapters on: The international gold standard, the defects of central banking, and the Mises/Hayek theory of the business cycle. A full critique of the Keynesian Aggregate Supply and Demand (AS-AD) model, and a revolutionary Austrian alternative. Entrepreneurship, the financial markets, environmental economics, monetary policy and inflation, federal spending and taxes, and government regulation. Leaders of all schools, including Austrian, Keynesians, Marxist, Chicago, and Public Choice.

In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised sixth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.

The new edition of a comprehensive and rigorous but concise introduction to symbolic logic. Logic Primer offers a comprehensive and rigorous introduction to symbolic logic, providing concise definitions of key concepts, illustrative examples, and exercises. After presenting the definitions of validity and soundness, the book goes on to introduce a formal language, proof theory, and formal semantics for sentential logic (chapters 1–3) and for first-order predicate logic (chapters 4–6) with identity (chapter 7). For this third edition, the material has been reorganized from four chapters into seven, increasing the modularity of the text and enabling teachers to choose alternative paths through the book. New exercises have been added, and all exercises are now arranged to support students moving from easier to harder problems. Its spare and elegant treatment makes Logic Primer unique among textbooks. It presents the material with minimal chattiness, allowing students to proceed more directly from topic to topic and leaving instructors free to cover the subject matter in the way that best suits their students. The book includes more than thirty exercise sets, with answers to many of them provided in an appendix. The book’s website allows students to enter and check proofs, truth tables, and other exercises interactively.

Eliot Freidson has written the first systematic account of professionalism as a method of organizing work. In ideal-typical professionalism, specialized workers control their own work, while in the free market consumers are in command, and in bureaucracy managers dominate. Freidson shows how each method has its own logic requiring different kinds of knowledge, organization, career, education and ideology. He also discusses how historic and national variations in state policy, professional organization, and forms of practice influence the strength of professionalism. In appraising the embattled position of professions today, Freidson concludes that ideologically inspired attacks pose less danger to professionals' institutional privileges than to their ethical independence to resist use of their specialized knowledge to maximize profit and efficiency without also providing its benefits to all in need. This timely and original analysis will be of great interest to those in sociology, political science, history, business studies and the various professions.