The Intercollegiate Studies Institute (ISI), 2000

What is economics and what can you expect to learn from studying it? In this study guide, Paul Heyne, for many years one of America's most respected free-market economists, asks this question as his starting point. The story of the progress of economic thought—as embodied in the methods and theories of Adam Smith, John Maynard Keynes, Friedrich von Hayek, James Buchanan, and other influential scholars—provides Heyne with the material for an effective demonstration of the power and promise of the economic way of thinking.

Paul Heyne (1931-2000) was Senior Lecturer in the Department of Economics at the University of Washington, where he had worked since 1976. Revered as an outstanding teacher, in his writing he specialized in ethical criticisms of economic systems and the history of economic thought. His best-known work is The Economic Way of Thinking, an important and popular introductory economics textbook now in its ninth edition.

Download the Guide (Pdf, 254KB, 70pages)

The Intercollegiate Studies Institute (ISI) is a non-profit, non-partisan, tax-exempt educational organization whose purpose is to convey to successive generations of college youth a better understanding of the values and institutions that sustain a free and virtuous society.

Founded in 1953, ISI works "to educate for liberty" — to identify the best and the brightest college students and to nurture in these future leaders the American ideal of ordered liberty. To accomplish this goal, ISI seeks to enhance the rising generation's knowledge of our nation's founding principles — limited government, individual liberty, personal responsibility, the rule of law, market economy, and moral norms.

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