{"product_id":"market-economy-the","title":"Market Economy, The","description":"\u003cp\u003eThe Market Economy: A Reader outlines the characteristics and philosophical underpinnings of the market economy and its usefulness in the allocation of resources. This anthology offers a comprehensive set of authentic, primary source selections that demonstrate how the tenets of classical economic liberalism provide the foundation for an efficient economic system--while also maximizing individual freedom. The readings also provide a structure for analyzing\n\u003cbr\u003eeconomic and philosophical issues. The book includes selections from several authors who are not economists but whose work is important in terms of their contribution to economic thought,\n\u003cbr\u003esuch as Henry David Throeau and Ayn Rand. It also features classic readings such as Adam Smith's invisible hand from his Wealth of Nations, David Ricardo's original explanation of comparative advantage from Principles of Political Economy and Taxation, and John Stuart Mill's eloquent expression of the limits of government in On Liberty. Latter day proponents of private enterprise include Friedrich Hayek, Ludwig von Mises, and Milton Friedman. These authors and others\n\u003cbr\u003eaddress how the market economy responds to such topical issues as the environment, income distribution, and free trade.\u003c\/p\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":44156917514478,"sku":"9780195332582","price":192.93,"currency_code":"AUD","in_stock":true}],"url":"https:\/\/bookland.com.au\/products\/market-economy-the","provider":"Book Land AU","version":"1.0","type":"link"}