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The United States’ tepid recovery from the 2008 financial crisis is raising concerns about the future of the American economy. Entrepreneurship—the great driver of widespread prosperity and economic growth—is on the wane. Small business start-ups are down, large corporations’ cash hoards are up, and innovation is threatened as a result.
Why? The most likely culprit is the decline, especially since 2008, of economic freedom in America. The United States is today only the ninth freest nation in the developed world, according to the Economic Freedom of the World: 2014 Annual Report. If the United States were a smaller and less iconic nation, this decline would be less troubling. But given America’s size and historical role in the global economy, the current outpouring of regulations, taxes, and fiscal and monetary irresponsibility from Washington throttle not only the US economy, but the world economy as well. Everyone is made poorer.
The essays in this volume explore this timely issue. Anyone concerned about the current economic malaise will find in these pages a compelling explanation for our troubles and guideposts for reinvigorating economic freedom and entrepreneurship in America and, by extension, the rest of the world.
Contributors include Robert A. Lawson, Southern Methodist University, Cox School of Business Roger Meiners, University of Texas at Arlington Andrew P. Morriss, Texas A&M University, School of Law Liya Palagashvili, State University of New York, Purchase College Russell S. Sobel, The Citadel, School of Business Wayne Crews, Competitive Enterprise Institute
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The economics category, as expected, is very well represented within the pages of this site. Of all the economics books, around half are explicitly Austrian Economics texts, and (with a significant overlap) around half discuss monetary theory. You may search specifically for economic treatises or books about economists; you will find historical or theoretical accounts of financial crises; you will stumble upon recent books on crypto-currencies (like bitcoin), books covering topics like income or wealth inequality, as well as more technical subjects like price theory, monopoly, division of labor, public choice theory and others. Additionally, critiques of Keynesian economics are to be found throughout the books in this category.
Of the Austrian Economics books, the largest portion discuss The Austrian Business Cycle and praxeology or human action, but you will find many covering to one degree or another topics like time preference, capital and interest, subjective value, and economic calculation, to name a few.
And for those interested in currency or money, whether sound money or fiat money, you will find books arguing the benefits of the gold standard, debates on inflation and deflation, banking, central banks and the Federal Reserve specifically.
At the heart of the free market system of unregulated, voluntary trade stands capitalism and its emphasis on private property. Unsurprisingly, a large collection of books are available on this subject, many of which outline quite clearly the fundamentals and the outcomes of capitalism, especially in contrast to other economic systems like socialism. Additional related topics, such as free trade, decentralization, risk, uncertainty, and the market process can be found in such books.
A note from the curator: Liberty Classroom provides courses like: Austrian Economics Step by Step, two courses on the History of Economic Thought, and What’s Wrong with Textbook Economics, to name a few. With courses like these, how can you not become a fan of Liberty Classroom? I know I am.
And would you like your homeschoolers to learn economics right the first time around? The Ron Paul Curriculum homeschool program covers 12th grade economics from teachers you can trust. In full disclosure, Books of Liberty will get a small advertising fee for purchases made through our links.
We find topics about the law, laws and legislation, justice, law enforcement and judicial systems fascinating, especially when combined with anarchy, as this seems to be one of the last bastions on the road to understanding an anarchist system and how legal order and property rights would be maintained.
Administrative law, regulations, and licensure as we know them today are artefacts of the State that are critiqued in our featured books, but so are dozens of other legislative issues, such as: labor laws (child labor, labor unions, minimum wage), issues relating to the US Constitution or the Articles of Confederation (e.g. the commerce clause, nullification, fugitive slave laws, gun control / second amendment), civil rights issues, Obamacare, Prohibition, and even earlier established legal concepts, such as the Magna Carta and Habeas Corpus.
A note from the curator: One of the reasons I am a very satisfied Master Member of Liberty Classroom is that I have access to courses like US Constitutional History and others featuring topics related to the law. In full disclosure, Books of Liberty will get a small advertising fee for purchases made through our link.
Since the mission of Books of Liberty is to help you find content to free your mind, you can’t go wrong with clicking on personal freedom and seeing where it takes you. Topics that are likely to be correlated with personal freedom include education and critical thinking, entrepreneurship or other means of achieving financial freedom, physical and mental wellbeing, and for the parents out there we have books on peaceful parenting and some reading ideas for your own young readers.
As part of your overall personal freedom, achieving financial freedom allows you to live relatively unencumbered by the burdens of life. While difficult to realize and rare to find, this can be achieved through hard work and consistent dedication (or sheer luck, for some). Either through entrepreneurship, finance and investing or by building streams of passive income, the opportunities presented within the books tagged here form a good starting point on the path to success.
Investing and understanding the world of finance is a critical part of achieving and maintaining financial freedom. Whether you invest in precious metals (such as gold or silver), design a Permanent Portfolio, take an interest in money management or retirement planning, or whether you just want to know more about student loans, you will find that info here.
Entrepreneurship is the cornerstone of capitalism and the free market system and books on this topic are well represented. You can find books that provide insight to the entrepreneurial mindset, which, in my view, can be equally applied to those who are employed, which will increase your success in that context too. But for those looking to bootstrap or start a business of their own, we would recommend the resources here discussing everything from marketing, public relations, copy writing and sales to books about competition, e-commerce or social media.
Don’t be shocked to find Austrian Economics books here, detailing the theoretical side of entrepreneurship and the place of the entrepreneur within the market process. A strong foundation will help those entrepreneurs in practice.
Within the business section you can also find books on the business organization (contrasting to bureaucracy of the State), on decision making, business growth, accounting, etc. While decision making may sometimes be covered in a book completely unrelated to business, it would be tagged to business if the benefits of such content can be applied to those entrepreneurs needing to make decisions for their venture. Likewise, entrepreneurial mindset can often be tagged to books describing characteristics that would prove valuable to an entrepreneur, even if they don’t relate directly to the entrepreneurial space.
A note from the curator: One thing I was always curious about: why is this never taught at school?! By providing your homeschoolers the Ron Paul Curriculum homeschool program, they will learn Personal Finance in the 8th grade, Business in grades 9 and 10 and will be exposed to topics to help their entrepreneurial mindset throughout the years. You may see throughout the site banners promoting this program and Books of Liberty will get a small advertising fee for purchases made through our links. I only wish I had learned these things at a young age and got a head start in life.
Between education, entrepreneurship, communication skills and other such important topics, personal development forms a key component of one’s path to personal freedom. No human is perfect and while we ought to balance the recognition of this fact with self-esteem and acceptance of our nature, there is room for improvement in us all (and if nothing else, there is room for us to at least maintain our level of awesomeness).
I've included books covering important components of personal development and tools to increase your efficiency. These include productivity and time management methodologies (such as the highly recommended Getting Things Done or GTD), leadership skills, creativity, resilience, organizational skills and many more, all of which require the formation of great habits, self-discipline and willpower. Other intriguing topics like stoicism and minimalism are covered too.
Topics related with personal development include physical and mental wellbeing as well as psychology.