intellectual achievements, as well as to why and how he was able to exercise such moral courage in the management of AIER, resisting multiple attempts by government to shut down our work.”~Edward Peter StringhamEdward Harwood was an engineer by training but ended up being a major contributor to economic theory in the 20th century.His 1928 essay on the business cycle forecasted coming economic trouble based on a credit-cycle model very similar to the one worked on in greater detail by Ludwig von Mises and F.A. Hayek in Vienna a few years later.Throughout the 1930s, he went toe-to-toe in public forums with John Maynard Keynes, exposing the failings of the New Economics. He fought gold confiscation, bank closing, price controls, regulations, and inflation, and made the case for a society that is always moving toward a more perfect freedom. Mostly, he founded the American Institute for Economic Research in 1933.AIER distinguished itself in the world of ideas for its constant stream of research and analysis of current affairs for decade after decade, and today is a leading champion the world over for research in the importance of markets. The Harwood Reader: Essential Readings in the History of Economic Ideas consists of his own list of readings and put together what amounts to a Harwood-style education in economic theory, history, and policy. With this reader, we all have the opportunity to gain an understanding into his intellectual achievements, as well as to why and how he was able to exercise such moral courage in the management of AIER, resisting multiple attempts by government to shut down our work.

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