Chapter abstracts are short descriptions of events that occur in each chapter. They highlight major plot events and detail the important relationships and characteristics of characters and objects. The Chapter Abstracts can be used to review what the students have read, or to prepare the students for what they will read. Hand the abstracts out in class as a study guide, or use them as a "key" for a class discussion. They are relatively brief, but can serve to be an excellent refresher of the text for either a student or teacher.
Chapter 1, The Power of the Market Abstract
* Societies operate more on the basis of voluntary cooperation than on command. Both parties benefit from exchange.
* Exchange is accomplished by the price system or free market in which all buyers and sellers act in their own best interest in a way that is...
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