Without using complicated language and technical terms, the authors clearly explain the mechanical operation of the economic body as they would a motor car by describing the operations of (1) the motor, (2) the transmission, (3) the drive shaft, (4) the differential, (5) the wheels, and (6) the steering gear. The authors' now famous "Ten Pillars of Economic Wisdom" is the simply stated basis of their theory.
Being applicable to any economy at any stage of its development, HOW WE LIVE has been used, and has influenced thought in 26 different foreign nations.