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Economic Facts and Fallacies

Economic Facts and Fallacies

In Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that does not require any prior knowledge of economics.
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Liberty Portal is a gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important lessons from economics, philosophy, history and more.
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Adam Smith
The Wealth Of Nations
The Wealth Of Nations
It is symbolic that Adam Smith’s masterpiece of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the Declaration of Independence. 

In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nationsprovided the first--and still the most eloquent--integrated description of the workings of a market economy.

The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.
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Alexis de Tocqueville
Democracy in America and Two Essays on America
Democracy in America and Two Essays on America
A contemporary study of the early American nation and its evolving democracy, from a French aristocrat and sociologist

In 1831 Alexis de Tocqueville, a young French aristocrat and ambitious civil servant, set out from post-revolutionary France on a journey across America that would take him 9 months and cover 7,000 miles. The result wasDemocracy in America, a subtle and prescient analysis of the life and institutions of 19th-century America. Tocqueville looked to the flourishing deomcratic system in America as a possible model for post-revolutionary France, believing that the egalitarian ideals it enshrined reflected the spirit of the age and even divine will. His study of the strengths and weaknesses of an evolving democratic society has been quoted by every American president since Eisenhower, and remains a key point of reference for any discussion of the American nation or the democratic system.

This new edition is the only one that contains all Tocqueville's writings on America, including the rarely-translated Two Weeks in the Wilderness, an account of Tocqueville's travels in Michigan among the Iroquois, and Excursion to Lake Oneida

For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
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Matt Kibbe
Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto
Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto

In this essential manifesto of the new libertarian movement, New York Times bestselling author and president of FreedomWorks Matt Kibbe makes a stand for individual liberty and shows us what we must do to preserve our freedom.


Don't Hurt People and Don't Take Their Stuff is a rational yet passionate argument that defends the principles upon which America was founded—principles shared by citizens across the political spectrum. The Constitution grants each American the right to self-determination, to be protected from others whose actions are destructive to their lives and property. Yet as Kibbe persuasively shows, the political and corporate establishment consolidates its power by infringing upon our independence—from taxes to regulations to spying—ultimately eroding the ideals, codified in law, that have made the United States unique in history.


Kibbe offers a surefire plan for reclaiming our inalienable rights and regaining control of our lives, grounded in six simple rules:


  1.  Don’t hurt people: Free people just want to be left alone, not hassled or harmed by someone else with an agenda or designs over their life and property.
  2. Don’t take people’s stuff: America’s founders fought to ensure property rights and our individual right to the fruits of our labors.
  3. Take responsibility: Liberty takes responsibility. Don’t sit around waiting for someone else to solve your problems.
  4. Work for it: For every action there is an equal reaction. Work hard and you’ll be rewarded.
  5. Mind your own business: Free people live and let live.
  6. Fight the power: Thanks to the Internet and the decentralization of knowledge, there are more opportunities than ever to take a stand against corrupt authority.
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