Areas for Going Deeper in the Study of Economics

Classic Readings

• I, Pencil by Leonard Read (Audio, 16.50 minutes)
• The Road Not Taken by Robert Frost (Audio, 1.39 minutes)
• Unfair Competition with the Sun is a condensed, CSE version of The Petition of the Candlestick Makers by Frederic Bastiat (Audio, 7.44 minutes)
• What is Seen and What Is Not Seen by Frederic Bastiat (Audio, 18.11 minutes)

Readings Reflective of Common Sense
(Permission to use educationally and non-profit purposes has been granted by author, Professor Dwight Lee, and the Freeman.)

• Censoring Pleas for Help by Dwight Lee (Audio, 9.07 minutes)
• Creating Jobs vs. Creating Wealth by Dwight Lee (Audio, 8.58 minutes)
• Comparative Advantage by Dwight Lee (Audio, 8.47 minutes)
• Demand and Supply by Dwight Lee (Audio, 8.34 minutes)
• The Economic Advantages of a Commitment to Liberty by Dwight Lee (Audio, 9.09 minutes)
• Energy Production versus Conservation by Dwight Lee (Audio, 8.45 minutes)
• It’s the Margin that Counts by Dwight Lee (Audio, 8.12 minutes)
• Markets and Freedom by Dwight Lee (Audio, 8.14 minutes)
• Markets and Marginalism by Dwight Lee (Audio, 7.58 minutes)
• More on Marginalism by Dwight Lee (Audio, 8.40 minutes)
• Opportunities and Costs by Dwight Lee (Audio, 8.45 minutes)
• Opportunity Costs and Hidden Inventions by Dwight Lee (Audio, 9.10 minutes)
• Politics and Foreign Trade by Dwight Lee (Audio, 7.51 minutes)
• The Power of Incentives by Dwight Lee (Audio, 8.19 minutes)
• Private Property and Opportunity Costs by Dwight Lee (Audio, 8.22 minutes)
• Running Out of Agricultural Land by Dwight Lee (Audio, 8.48 minutes)
• Sacrificing Lives for Profits by Dwight Lee (Audio, 8.40 minutes)
• Social Cooperation and the Marketplace by Dwight Lee (Audio, 8.44 minutes)
• Specialization and Wealth by Dwight Lee (Audio, 9.15 minutes)

Complex Topics Made Simple

• The Crash of 2008: Cause and Aftermath [PDF]. By James Gwartney, David Macpherson, Russell Sobel, and Richard Stroup provides a comprehensive analysis of the current economic crisis. This crisis is likely to be the most important macroeconomic event of our lifetime. The Crash of 2008: Cause and Aftermath [PDF]addresses the cause, analyzes the future, and considers the often ask question of whether we are headed for another Great . The Crash of 2008 PowerPoint slides [PDF] will help teachers communicate valuable information to students.
• What is a Dollar Worth? By the Federal Reserve System, Minneapolis, District 9
• What is Globalization? A Student’s Guide to Globalization. Web site managed by the Carnegie Endowment for International Peace.