Called by H. L. Mencken one of the few economists in history who could really write, Hazlitt achieved lasting fame for this brilliantly concise work. In it, he explains basic truths about economics and the fallacies responsible for unemployment, inflation, high taxes, and recession.Called by H. L. Mencken one of the few economists in history who could really write, Hazlitt achieved lasting fame for this brilliantly concise work. In it, he explains basic truths about economics and the fallacies responsible for unemployment, inflation, high taxes, and recession.Read Less
Good. Economics in One LessonThe Shortest and Surest Way to Understand Basic Economics von Henry Hazlitt Taschenbuch218 Seiten VerlagThree Rivers Press (14. Dezember 1988) SpracheEnglisch ISBN-100517548232 ISBN-13978-0517548233 Größe und/oder Gewicht22, 4 x 15 x 2 cm From Library Journal This 50th-anniversary edition of Hazlitt's million-selling volume has been updated to include current statistics and an introduction by presidential aspirant Steve Forbes. This lay reader's guide has a place in all collections. Copyright 1996 Reed Business Information, Inc. A simple, straightforward analysis of economic fallacies that are so prevalent they have almost become a new orthodoxy. This is a great primer that should be read in all schools. Hazlitt does not deal in economic details here. Intead, Economics in One Lesson covers more useful ground for the average personit cumulatively teaches us how to think logically about economic issues. And, of course, how you think is the basis for what you think. Even the casual reader will take away an ability to spot economic silliness, many of which spring from the same bad premises, the same elementary blindness to cause-and-effect. Economics in One Lesson provides the type of knowledge that stays with you for a lifetime. And make them read it. Less a primer in economics than a concise debunking of crank positions on economic issues, this book can clear the air (and the mind) quickly after some interested sophist plumps for a discredited idea. Hazlitt's parable of the broken window, meant to show how what dosen't happen as a result of human action is at least as important as what does, is the best introduction to economic theory for the average reader since Adam Smith. The visible results that people see as a result of government intervention in the market must be weighed against what did not come to pass because of the reallocation of resources (i.e., your hard-earned money) that such action necesitates. This book is timeless, in that it is not tied to concrete examples drawn from the headlines of 1946, and is also remarkably free of venom, passion, or spite, which too often mar polemical works on economics-and serve to camouflage bad reasoning. This book can be a basic education in itself, or the beginning of deeper study, in the works of Von Mises, Von Hayek, Schumpeter, or of Hazlett himself. Unlike his opposition (Keynes, et al), Hazlitt is actually readable.
Hazlitt is your guide to ripping the politics out of economics; favoring the shiny fixed solution to the best bidder while forgetting tomorrow and its changing environments.
Apr 25, 2007
Must Reading for Money Theory
Hazlitt has written one of the four or five most important books in the history of economics. It is must reading for anyone who wishes to understand the difficult relationship between politics and money, between personal ambition and civic welfare, between the tangibles and the intangibles of economic policy. Like anything else, money has its own set of laws, its own dichotomies and dynamics, its own effects on anyone who touches it. These laws have never been more clearly or more comprehensively formulated than by Henry Hazlitt in this book. It is no wonder that Ronald Reagan used it as a linchpin of his economic theory.
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