This workbook was prepared with much help form several outstanding Howard Community College individuals, in particular Dawn Malmberg, Megan Arnold, Terry Kirchner, Hildegard Deatherage and Karen Evans. Special thanks to my wife, Sharrie, who has allowed me to work many hours on this book during the summer hours. Author also wishes to express a great deal of gratitude to several economists whose thoughts are reflected in this book (but because of the workbook format, does not do full justice to their comprehensive ideas). Professor Bob Miller from the Johns Hopkins University in Baltimore, Maryland provided me with valuable insights via a recent course. He prescribed a then, not yet officially published text by George Reisman, titled "Capitalism". This text is the most powerful text on capitalism author has read and brilliantly synthesizes the ideas of the Austrian economists as well as defends most of the significant contributions of the classical and Austrian economists since Adam Smith.