Part One: Economics and Trade 3
1. General Application of Basic Economic Principles 3
2. Partially Valid Arguments for Restrictions 10
3. What Causes the Demand Curve to Shift? 17
4. Opportunity Cost and the Real World 25
5. Trade, Comparative Advantage, and Realizing our Production Possibilities 32
6. What Is Money? 41
7. Goldsmithing and Banking 49
8. The Business of Banking 57
9. Making Investment Decisions 63
10. The "Go-Around" 70
11. Myths of Economics 76
12. The Many Causes of Business Risk 84
13. Bonds, Interest Rates, and Bond Prices 91
14. Risks of Buying and Selling Options 99
15. Goodwill 106
16. 60 Percent Satisfaction for Two Parties 112
17. The Distributive Bargaining Situation 119
18. The Phases of a Negotiation 126
19. The Exchange of Proposals 134
20. Influencing the Deal 141
Part Two:20 ? 151
1. Francois Quesnay (1694-1774) 151
2. Adam Smith (1723-1790) 156
3. Jeremy Bentham (1748-1832) 162
4. Jean Baptiste Say (1767-1832) 168
5. John Stuart Mill (1806-1873) 173
6. Karl Marx (1818-1883) 179
7. Henry George (1839-1897) 184
8. Alfred Marshall (1842-1924) 191
9. John Bates Clark (1847-1938) 196
10. Samuel Gompers (1850-1924) 203
11. Irving Fisher (1867-1947) 211
12. John L. Lewis (1880-1969) 217
13. Ludwig von Mises (1881-1973) 225
14. John Maynard Keynes (1883-1946) 230
15. Joseph A. Schumpeter (1883-1950) 236
16. Friedrich A. Hayek (1898-1992) 242
17. Oskar Morgenstern (1902-1977) 250
18. George Stigler (1911-1991) 257
19. Milton Friedman (1912- ) 267
20. Paul A. Samuelson (1915- ) 273