Called by H.L. Mencken, "one of the few economists in history who could really write, " Henry Hazlitt achieved lasting fame for this brilliant but ...Show synopsisCalled by H.L. Mencken, "one of the few economists in history who could really write, " Henry Hazlitt achieved lasting fame for this brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes and recession. Coveting considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions and minimum wage laws. And, he writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Smart Mill, Alexis de Tocqueville and Herbert Spencer.Hide synopsis
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Ignorance is costly . Hazlitt performs a great service, not through "opinions" or "feelings" but with well reasoned linear thought. Truly a classic, easy read. A wonderful way to increase your understanding of economic processes. These things are not taught in school...but they should be. We would all be better off if more of the worlds population understood these basic systems. If Adam Smiths "Wealth of Nations" is too much for you, Hazlitt boils things down nicely. Educate yourself, your country needs you.
This is without doubt the clearest economics text in print. Anyone can read and understand it. The author, Henry Hazlitt, was a journalist and essayist by trade and wrote in the kind of lucid prose economists usually cannot match. He was a popularizer of Austrian economics, basically a school of thought that emphasizes that free-market, or laissez-faire, economics is the only rational way to approach the subject. In 'Economics in One Lesson' Hazlitt gives an overview of how economics works from the perspectie of one lesson: while a bad economists only looks at the visible effects of economic decisions, a good economist will look at what is not seen, and then act accordingly. Buy it and give it away as a gift to friends. Definetely in my top 10 favorite books of all time.
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