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Skill Track

Economic Theory & Schools of Thought

Economics shapes markets, policy, and investment opportunities. Understanding the intellectual history of economic thought - from classical liberalism to modern heterodox approaches - provides frameworks for interpreting the world and anticipating change.

Classical Economics (Pre-1870s)

The Wealth of Nations

Adam Smith, 1776

The foundational text of modern economics. Introduces the invisible hand, division of labor, and the case for free markets. Required reading for understanding market economics.

Read Free on EconLib

Essay on the Nature of Commerce

Richard Cantillon, 1755

Often considered the first treatise on economics, predating Adam Smith. Introduces concepts of entrepreneurship, monetary theory, and the role of uncertainty in markets.

Read Free PDF on Mises Institute

The Fable of the Bees

Bernard Mandeville, 1714

A controversial satirical work arguing that private vices produce public benefits. Anticipates many ideas in classical economics about self-interest and social outcomes.

Read Free on Online Library of Liberty

Utilitarian Tradition

On Liberty

John Stuart Mill

Mill's philosophical defense of individual freedom and limited government intervention. Essential for understanding liberal economic philosophy.

Read Free on Project Gutenberg

Utilitarianism

John Stuart Mill

The classic defense of utilitarian ethics - the greatest good for the greatest number. Provides philosophical foundations for welfare economics and cost-benefit analysis.

Read Free on Project Gutenberg

Principles of Political Economy

John Stuart Mill

Mill's comprehensive treatise on economics, combining classical economic theory with utilitarian philosophy and social reform.

Read Free on EconLib

An Introduction to the Principles of Morals and Legislation

Jeremy Bentham

Bentham's foundational work on utilitarianism and the principle of utility. Influenced economic policy analysis and welfare economics.

Read Free on Online Library of Liberty

Marxist Economics

Das Kapital (Capital) - Volume I

Karl Marx

Marx's critique of political economy and capitalism. Introduces concepts of surplus value, commodity fetishism, and the labor theory of value. Essential for understanding one of the most influential economic frameworks in history.

Download Free PDF on Marxists.org

The Communist Manifesto

Karl Marx & Friedrich Engels

A concise introduction to Marxist theory of class struggle and historical materialism. While primarily a political document, it provides the philosophical underpinnings of Marxist economics.

Read Free on Marxists.org

Austrian School

Principles of Economics

Carl Menger, 1871

The founding text of the Austrian School. Introduces subjective value theory and marginalism, challenging the labor theory of value.

Read Free PDF on Mises Institute

Human Action

Ludwig von Mises

Mises's magnum opus presenting economics as the study of human action (praxeology). A comprehensive defense of free-market capitalism and critique of socialism.

Read Free PDF on Mises Institute

The Road to Serfdom

F.A. Hayek

Hayek's warning against central planning and collectivism. Argues that economic control inevitably leads to political tyranny. Highly influential on modern libertarian and conservative thought.

View on Amazon (University of Chicago Press)

Man, Economy, and State

Murray Rothbard

A comprehensive treatise on economics from the Austrian perspective, building on Mises's work with a more radical libertarian approach.

Read Free PDF on Mises Institute

Keynesian Economics

The General Theory of Employment, Interest and Money

John Maynard Keynes

The book that launched macroeconomics as a discipline. Keynes argues for government intervention during recessions and introduces concepts like aggregate demand and the multiplier effect.

Read Free on Gutenberg Canada

Sociological Economics

The Protestant Ethic and the Spirit of Capitalism

Max Weber

Weber's influential thesis connecting Protestant religious values to the development of capitalism. A foundational text in economic sociology.

View on Amazon

Contemporary & Critical Economics

Capital in the Twenty-First Century

Thomas Piketty

Piketty's data-driven analysis of wealth and income inequality over 300 years. His argument that r > g (returns on capital exceed economic growth) sparked global debate about inequality.

View on Harvard University Press

Debt: The First 5,000 Years

David Graeber

An anthropological history of debt that challenges conventional economic narratives about money's origins. Argues that credit preceded barter in human societies.

View on Melville House

What Money Can't Buy

Michael Sandel

A philosophical examination of the moral limits of markets. Sandel argues that some things should not be for sale and that market thinking has become too pervasive.

View on Harvard

Justice: What's the Right Thing to Do?

Michael Sandel

Based on Sandel's famous Harvard course, this book explores competing theories of justice that inform economic policy debates.

View on Amazon

Free Online Resources

Technology Integration

Data Analysis for Economics

Python and R enable you to work with economic data, test theories empirically, and build models. Essential for modern economic analysis.

Automate the Boring Stuff (Free)

AI in Economic Analysis

AI tools can help analyze economic literature, synthesize different schools of thought, and process economic data. Use them to enhance your understanding while maintaining critical thinking.

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