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The Top Five Lessons for the Young Economist mises.org/mises-wire/top-five-lessons-young-economist By Jonathan Newman > The Mises Institute is creating lessons for young economists to better help them evaluate and interpret economic events. Of course, these lessons also apply to anyone else wanting to be better education on economics. 1. Thinking Like an Economist 2. The Division of Labor and Specialization 3. Profit and Loss Accounting 4. The Failures of Socialism—Theory 5. Inflation originally posted at stacker.news/items/679927