No Free Lunch: Economics for a Fallen World: Third Edition, Revised

No Free Lunch: preface and acknowledgments v PRAISE FOR NO FREE LUNCH No Free Lunch: Economics for a Fallen World brings a much needed foray into the myriads of introductory texts in economics. This text is based upon two platforms; one theological, the other economic. From a theological perspective the author examines economics from a conservative theistic world and life view. Economically, the author demonstrates a thorough systemic Austrian approach. The interspersing of relevant Biblical passages throughout the text help bring together this unique blend of a conservative economic and theistic approach to economic principles. The text is particularly strong in its discussion of public choice and monetary theory. The use of ample online resources helps keep it current and up to date. I have personally beta tested and taught the text for four years. I have found it to be substantive as well as a refreshing approach to conveying basic economic principles. – Galen Smith Professor Emeritus, Cedarville University One of the real blessings of being part of the community of Christian believers is the gifts that some give to others. Jeff Haymond is clearly one of those gift givers. His online text, No Free Lunch: Economics for a Fallen World , is an outstanding integration of a Christian worldview with sound economics. Haymond covers well the important concepts of an economics principles course and points out clear connections between scripture and the economic way of thinking. His text also treats topics not always included in introductory texts, such as the role of the entrepreneur, the importance of institutions and Public Choice. Economics professors at Christian colleges would be well served by considering Haymond’s text for their courses. – P.J. Hill Professor Emeritus, Wheaton College Senior Fellow, Property and Environment Research Center ABOUT THE AUTHOR Dr. Jeff Haymond is a professor of economics at Cedarville University, and the dean of the School of Business. He received his Ph.D. in economics from George Mason University in 2001, and holds bachelor’s and master’s degrees in engineering as well. A 1985 graduate of the United States Air Force Academy, Dr. Haymond served 25 years on active duty in various space and missile assignments, and retired as a colonel in 2010 as the vice commander of the Space Development and Test Wing. While in the Air Force, Colonel Haymond taught economics at the United States Air Force Academy, served on Capitol Hill as a legislative liaison to the House and Senate Armed Services Committees, and was an Air Force Fellow at The Brookings Institution. His economic specialties include monetary, Austrian, and public choice economics. He has a beautiful wife, Jennifer, three amazing kids, Amanda, Matthew, and Megan.