What Everyone Should Know About Economics and
Prosperity
by
James D. Gwartney and Richard L. Stroup
Adapted for Canadian readers by Michael A. Walker
The Fraser Institute, Vancouver, British Columbia, Canada
Contents
Acknowledgements
Additional books by Gwartney and Stroup
About the authors
IntroductionPart I: Ten Key Elements of Economics
Part II: Seven Major Sources of Economic Progress
Copyright (c) 1995 by The Fraser Institute. No part of this
publication may be reproduced or transmitted in any form or by any means, electronic or
mechanical, including photocopy, recording, or any information storage or retrieval
system, without permission in writing from the authors.
(c) 1993 James D. Gwartney and Richard L. Stroup. Published by The Fraser Institute in
co-operation with the James Madison Institute, 1993. Nothing written herein should be
construed as necessarily reflecting the views of the publishers or as an attempt to aid or
hinder the passage of any legislation. All rights reserved.
The authors of this book have worked independently and opinions expresed by them,
therefore, are their own, and do not necessarily reflect the opinions of the members or
the trustees of The Fraser Institute.