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Economics of the Free Society

  • Preface
  • Translator's Preface

Chapter I: The Problem

  • 1. Ordered Anarchy
  • 2. Other Enigmas of Economics
  • 3. Marginal Utility
  • 4. Choice and Limitations: the Essence of Economics
  • Notes

Chapter II: The Basic Data of Economics

  • 1. The Moral Foundation (the Business Principle)
  • 2. What are Costs?
  • 3. Economic Equilibrium: the Possible Systems
  • Notes

Chapter III: The Structure of the Division of Labor

  • 1. The Meaning of the Division of Labor
  • 2. The Social Division of Labor and the Role of Money
  • 3. The Conditions Necessary to an Intensive Division of Labor
  • 4. The Division of Labor and the Number of Men (the Population Problem)
  • 5. The Dangers and the Limits of the Division of Labor
  • Notes

Chapter IV: Money and Credit

  • 1. What is Money?
  • 2. From Cattle to Bank Notes
  • 3. Money and the Banking System
  • 4. Inflation and Deflation
  • 5. The Purchasing Power of Money and Its Measurement
  • Notes

Chapter V: The World of Goods and the Flow of Production

  • 1. The Social Product and the National Income
  • 2. The Essence of Production
  • 3. The Economic Process as a Whole
  • 4. The Factors of Production
  • 5. The Combination of the Factors of Production
  • Notes

Chapter VI: Market and Prices

  • 1. Free Prices Clear the Market
  • 2. The Elasticity of Supply and Demand
  • 3. Prices and Costs
  • 4. Monopoly
  • 5. Price Interrelationships
  • 6. Foreign Trade and the International Formation of Prices
  • Notes

Chapter VII: Rich and Poor

  • 1. The Distribution of Income
  • 2. Income Distribution . . . a Problem of Price Formation
  • 3. Should Interest and Rent be Abolished?
  • 4. Changing the Distribution of Income
  • Notes

Chapter VIII: Disturbances of Economic Equilibrium

  • 1. The Sources of Disturbance
  • 2. Stabilization Policy
  • 3. The Impact of Keynesianism
  • Notes

Chapter IX: Structure of the Economy; Economics and the World Crisis

  • 1. The Structure and Mechanism of our Economic System
  • 2. The Collectivist Alternative
  • 3. The German Experiment in Noninflationary Market Economy
  • 4. The Third Road
  • Notes

Index of Persons

Index of Subjects

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