TEXTBOOK
SUMMARY
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Dr. John Cobin has
the following textbook available
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A Primer on Modern Themes in
Free Market Economics and Policy
Second
edition (628 pages)
ISBN
1-58112-791-X (paperback and electronic)
HB98.C63
2009
330.15´7dc20
Buy this book at Amazon.com:
A Primer on Modern Themes in Free Market Economics and Policy (2009)
Politícas Públicas: Tópicos Modernos de la Economía de Mercado para el Bienestar Social
Second edition (707 pages)
ISBN
1-58112-801-0 (paperback and electronic/tapa blanda y electrónico)
Politícas Públicas: Tópicos Modernos de la Economía de Mercado para el Bienestar Social
Second edition Chile (707 pages)
ISBN
9-7895672-4-7-554 (paperback in Chile/tapa blandaa en Chile)
ISBN 9-7895672-4-7-554 (paperback
in Chile/tapa blanda en Chile)
Title |
Format |
ISBN and edition |
Publisher and Year |
Pages |
Price |
A Primer on Modern Themes in Free Market Economics and Policy |
Paperback |
1-58112-791-X Second Edition |
Universal Publishers 2009 |
616
|
$59.95
|
|
PDF E-Book |
0-9725418-2-9 Second Edition |
Alertness Books 2003 |
628
|
$9.95
|
|
PDF E-Book |
0-9725418-3-7 Second Revised Edition |
Alertness Books 2009 |
628
|
$9.95
|
Politícas Públicas: Tópicos Modernos de la Economía de Mercado para el Bienestar Social |
Paperback |
9-7895672-4-7-554 Second Edition |
Universidad Nacional 2009
|
612
|
$28.00
|
|
Hardback |
956-7757-02-X First Edition |
Universidad Finis Terrae 1999 |
612
|
$37.50
|
The book (with green cover) is available from Universal Publishers:
US$20 electronic book
US$59.95 paperback plus
US$9.50 international shipping (shipping
is US$4.90 to the USA,Canada, and Mexico)
A
35% discount is offered to resellers
The
paperback English first edition paperback is also available from these
direct links:
the paperback Spanish second edition will be available from these direct links:
Note: The English paperback version is available from Universal Publishers (plus the other three distributors) and the Spanish asnd English PDF version is available from Alertness Books (the red cover Spanish version is available through Universdad Finis Terrae in Chile).
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Cover photos (from top left across to bottom right) on the first edition
(1) Vladimir Ilyich (aka Nicolai) Lenin (1870-1924) and Josef (Vissarionvitch Dshugashvili) Stalin (1879-1953), (2) Richmond, Virginia Custom House (left) and Confederate Capitol (center) with rubble in the street April 1865 (compiled by Hirst D. Milhollen and Donald H. Mugridge, Washington, D.C.: Library of Congress, 1977, No. 0506), (3) Westchester County, New York Executive Andrew P. O'Rourke and New York Governor Mario Cuomo at the Opening of WestHELP, 1989 (Affiliated Photographic Services, Inc., no. PCP-239), (4) The Senate as a court of impeachment for the trial of President Andrew Johnson / sketched by Theodore R. Davis 1868 (Illustrated in Harper's weekly, April 11, 1868, pp. 232-233), (5) United Nations Headquarters in New York, flagraising for sixteen new member states, September 30, 1960 (67728 UN/DPI/M, Bordy), (6) Pay Director Edwin Stewart, Bureau of Supplies and Accounts, probably taken in 1901 (Detroit Publishing Co., no. 021473, gift from the State Historical Society of Colorado, 1949, to the Library of Congress), (7) U.S. Mint, Philadelphia, Pennsylvania c. 1905 (Detroit Publishing Co., no. 018509, gift from the State Historical Society of Colorado, 1949, to the Library of Congress), (8) Rally in Barcelona just after the Revolution (1936) (the Spanish Civil War, 1936-1939), (9) President Warren G. Harding with pet dog Laddie, being photographed in front of the White House on June 13, 1922 (National Photo Co.), (10) U.S. Supreme Court Justice Earl Warren (1891-1974), (11) Chilean President Salvador Allende Gossens (1908-1973), (12) a crowd of 100,000 swarms over the Washington Monument lawns in a 1973 anti-Vietnam War demonstration during President Nixons second inauguration, and (13) Ludwig von Mises (1881-1973). Each of the photos have relevance to themes covered in the text.
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Summary
A Primer on Modern Themes in Free Market Economics and Policy provides an overview of the major themes of market economics and public policy that are making inroads into the mainstream of today's thinking.
Free market
economics has made many advances during the past twenty years.
These advances are due to the maturing of public choice theory and
empirical studies, along with a resurgence of interest in Austrian
economic themes like free banking, market process entrepreneurship,
and the critique of socialism and interventionism. In addition, new
avenues have opened in law and economics and regulatory studies which
favor free market ideas.
The
purpose of this book is to introduce and summarize some of the
important advances in contemporary free market economics and policy.
Many free market thinkers have been cited which will help acquaint
the reader with many key contributors and their contributions.
The book is designed for a variety of uses:
» as a textbook in an economics elective course,
» as a textbook in
an economics-based social science elective for advanced
undergraduates
in political science, public administration, legal studies, or public
policy,
» for academics,
free market advocates, policy analysts, or serious intellectual
readers (with
some knowledge of economics or political science) who want to gain a
broad
understanding of free market motifs,
» as a textbook to
facilitate discussion in an MBA or law school elective course in
regulation,
and
» in some cases,
the text could be the basis for an upper-division required trampoline
course in
economics or business programs, especially in universities which
offer
advanced electives in public choice, Austrian economics, law and
economics, regulation,
and public policy.
In the latter case, a course following this book would serve as a springboard to more in-depth studies, especially when the general focus is on regulation and policy. The book is purposefully eclectic, in that it does not favor any single branch of free market theory. There are five public choice chapters (1, 2, 3, 4 and 6), five Austrian economics chapters (7, 8, 9, 10, and 11), three chapters on public policy themes (5, 12, and 15), and two chapters on law and economics (13 and 14).
There are many long quotations in some parts of the book so that students (or even a casual reader) may have some direct exposure to the theorists behind the ideas. This format should prove to be a effective teaching device, and hopefully encourage classroom discussion of the statements by the various free market theorists. Indeed, the quotations should be exploited for their full pedagogical value given that they will likely represent the lions share of many students direct exposure to key free market theorists. As an additional exercise, I typically require students to memorize the definitions of rent seeking, free banking, public goods, and the Coase Theorem because I think they will be useful during other courses and their academic and professional careers.
The weights for each area of analysis in the book are (roughly):
» Public choice 34%
» Austrian economics 29%
» Law and economics 18%
» Public policy 19%
However, there is always considerable overlap between the topics and students will usually spend more time studying outside class for the relatively copious law and economics and public policy portions.
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Professional praise for the book
This is the best textbook
I have seen on market economics, and I would recommend it to anyone
whose main task is to teach economics or to those who want to
understand how the economy works.
Dr. Alejandro A. Chafuen, President & CEO, Atlas Economic
Research Foundation, Fairfax, Virginia, USA.
I had the chance to read John
Cobin's book....I believe it is an excellent work covering certain
areas largely unattended by economic textbooks. His treatment of the
contributions to economic science by the "Public Choice",
"Austrian" and "Law & Economics" schools give
readers the fundamental elements for a right understanding of the
functioning of a market economy. The book, besides,
successfully fulfills the goal of bringing to the Spanish reader the
main concepts of these schools, which are not easy to access in that
language. Finally, I must say I plan to use the book for my own
classes.
Dr. Martín
Krause, Escuela Superior de Economía y Administración
de Empresas (ESEADE), Buenos Aires, Argentina.
It is very
stimulating to read an updated book that incorporates most of the
recent contributions to economics.
Dr. Alberto Benegas Lynch, Jr., Rector, Escuela Superior de Economía
y Administración de Empresas (ESEADE), President of the
Economic Science Section, National Academy of Sciences, Buenos Aires,
Argentina.
I would not be able to
hold any class on Economics without having read this book.
Mario Jaramillo, Lawyer and
Economist in Madrid, Spain. Winner of the Ludwig von Mises
International Essay Prize in 1991 and 1992, Scholar and former
Dean of Economics at Sergio Arboleda University in Bogotá,
Colombia.
Nowadays it is very
difficult to recommend a textbook to undergraduate students about
political economy since, strangely, many economists who produce
written material for economics classes are hostile to the market
economy. John Cobins work accomplishes the huge task of
providing fresh minds with a book that has a genuine understanding of
the principles of free market economics and of the way(s) these
principles function (with a special focus on public policy).
Atilla Yayla, Professor of Politics
and Political Economy, Hacettepe University, Ankara, Turkey;
President of the Association for Liberal Thinking, Ankara, Turkey
"John Cobin has provided
us with a great service, given that the literature available in
Spanish on these themes is scarce
especially at the university level. Moreover, his treatment of
the topics is exhaustive and teaching-oriented (a rare combination),
on account of which I predict that it will be of great use to both
students and professors. 100 points!
Julio H. Cole, Professor of Economics, Universidad Francisco
Marroquín (Guatemala).
This is a book about new
ideas, or the revitalization of older ideas to which modern
experience has given new force. If, as it has been often said,
nothing is stronger than a timely new idea, here we find given
another gigantic step in the classically liberal revolution, opening
unexpected perspectives and possibilities to advance individual
economic liberty, to increase productive efficiency, and to bolster
individual creativity in post-modern society.
Hermógenes Pérez de Arce, editorialist for El
Mercurio in Santiago, Chile.
"Cobin's Primer is a wonderful addition to the corpus of economic and public policy texts. Cobin's new text provides a useful survey and explication of free market themes and their application to public policy. Moreover, the Primer has an enormous advantage over most other economic texts: it is based on sound economics and an appreciation of the signal importance of property rights. The text is permeated with insights from Ludwig von Mises, the most important thinker of the 20th Century, and the Austrian School of Economics to which Mises belonged. In addition to critiquing socialist and Keynesian economic nostrums, Cobin does not shrink from subjecting even other "free-market" economic schools, such as Chicago, to criticism as it strays from the individualist and subjectivist anchors of Austrian economics.
Consistent with the Austrian economic view pervading the book, Cobin quite properly focuses on the crucial importance of property rights. He provides a fascinating introduction to his ownadmirably absolutisttheory of private property ownership, which he calls allodialism. The Primer also introduces the reader to the revolutionary and astounding Austrian-Misesian critique of socialism. This is a great textbook on market economics without the socialist, Keynesian, and relativist flaws that permeate most other, mainstream texts. It is sure to contribute to enhanced understanding of both economics and public policy.
Of particular interest for attorneys and law professors, the Primer also analyzes the proper role of law and politics in economics, and of the role of economic theory in shaping law. Cobin shows how economic analysis should be used in both the study and development of law. He discusses the importance of legal certainty, the dangers of legislated law, the advantages of decentralized legal systems such as the common law, and the appropriate role of judges in the formation of law. The Primer would make an excellent teaching aid in law school classes focusing on law and economics or public policy.
With its incorporation of
woefully neglected but cutting-edge economic theory, the Primer
is a perfect free market text for the new millennium. Cobin has
produced a work of great merit and value."
N. Stephan Kinsella,
Attorney and Adjunct Law Professor at South Texas College of Law in Houston, Texas;
co-author, Protecting Foreign Investment Under International Law: Legal Aspects
of Political Risk (Oceana Publications, 1997) , co-editor, Digest of
Commercial Laws of the World (Oceana Publications 1998-present).
LL.M., University of London; J.D., M.S., B.S., Louisiana State
University.
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Chapters
1 Ideas
and interest groups in economics and public policy
2
Capture theory and antitrust
3 Rent
seeking
4 The calculus of consent,
vote-seeking, and Virginia vs. Chicago political economy
5
Public policy and public choice
6
Public choice issues for regulation
7
Ludwig von Mises: a compendium of his classically liberal thought
8 Austrian methodology and the knowledge
problem
9 Entrepreneurship: an
Austrian perspective
10
Interventionism: an Austrian critique
11
The Austrian business cycle and free banking
12
Market failure fiction
13 The
economic analysis of law
14 Cases
and criticisms in law and economics with a focus on property rights
15 Allodialism as economic policy
Index
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