The result of his studies and correspondence was this splendid book. He combines history, theory, and clear exposition to present what might be called an orthodox Austrian view of the way the world works. In its elegant simplicity and refreshing accessibility, it is the perfect text to educate the intelligent laymen in economic theory.
As Felix Morley writes in his introduction, "Something of the warmth and cheerfulness of the author's personality comes through, to make the reader feel that his is listening to the conversation of an old and cherished friend."
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