If you want to learn about an economic philosophy that refutes the
"Keynesian command economy" then you need to study the "Austrian
School" of economic theory. This anthology by Bettina Ben Greaves is a
good starting point to learn about the "Austrian" school. The "Austrian
" economic school turned the study of economics on its head when it
traced market prices to the actions of individual buyers instead of
producers. Carl Menger, the founder of this school wrote the
breakthrough theory the "classical economists" like Adam Smith missed.
"Market price doesn't rely on usefulness, value or supply but on the
usefulness the individual expects to derive from the item or the
service at a particular time or place, this theory is known as marginal
utility". Ludwig von Mises took the school further he rejected the
traditional study of economics by looking at historical models and
adopted the technique of studying "human action" and social science to
come up with a universal economic science. As a free market economists
the "Austrians" expertly explain how the system of profit and loss
works in a free economy and how wages rise due to an increase in
capital invested per worker, which causes an increase in the
productivity of labor. "The only means to increase a nations welfare is
to increase and improve the output of its products." This book should
be read by all whom wonder how economic theory works and what role the
government should have on our economic choices.