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This classic introduction to the basics of economic theory offers a constructive approach to economic education by defining terms and introducing key concepts without using insider jargon and complex theories. The fundamental questions about why the economy fluctuates and how small farmers, small business people, families, consumers, and innovators are affected by these fluctuations are considered. Serious alternatives to modern economic theories are explained, with attention to the realities that have been largely unchanged through the last century.
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"Belloc understood the essentials of economics and presents them in his clear, entertaining and inimitable style." — Timothy J. Cullen, former partner, Cold Mountain Capital Management, December 29, 2003
"One of [Catholic Social Teachings] most observant and capable apologists is, without question, Hilaire Belloc." — Robert Boehm, M.B.A., former financial consultant, Chartered Life Underwirter, Chartered Financial Consultant, December 13, 2003
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