Saturday, July 6, 2013

Essentials of Economics by Faustino Ballvé

Status: One Round of QC + Code Comparison with LFB version (07.09.2013)


Mises page:

I was looking through a backlog of videos, and I stumbled upon Jeff Tucker's review of this book here: I always spotted it in the pile of PDFs/EPUBs, but never knew one thing about it. Jeff Tucker's description of this book as the perfect follow-up to "Economics In One Lesson" definitely made me excited to take a look back and clean up this EPUB.

Update on 07.09.2013: Compared with LFB version, fixed a few more typos.

Fix Notes:

Page 25: par. 1, about 2/3rds of the way down: himself

If he does not do this and allows himsef to be dazzled by appearances, by the example of other countries or other times, etc., then he runs the risk of obtaining, instead of a greater, a lesser return on his investment, to his own detriment and that of the market.

Page 27: par. 1: adventure

Production, around which all economic life revolves, is, then, the great advenure of mankind: it is the struggle with tomorrow, the struggle with the unknown.

Page 42: number 2: moreover

It is based, morever, on the assumption that money is nothing but a medium of exchange, and that its only role in the market is as a means of payment for goods and services.

Page 50: par. 0: unhappy

This is what the executive authorities of most of the countries in the world say must be done today, and the unhapy results of such a policy are everywhere to be seen.

Page 80: number 4: especially

For the alleged unjust distribution of wealth socialism, in all its various forms, does not seek corrective measures; this is rather the object of the so-called social reform movements, and more especally of the “planned” or “controlled” economy.

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