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Economics in One Lesson: The Shortest and…

Economics in One Lesson: The Shortest and Surest Way to Understand Basic… (original 1946; edition 1988)

by Henry Hazlitt (Author)

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1,754256,048 (4.26)21
Title:Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Authors:Henry Hazlitt (Author)
Info:Crown Business (1988), Edition: Later Reprint, 218 pages
Collections:Your library

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Economics in One Lesson by Henry Hazlitt (1946)


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A short book, but contains a wealth of information about economics in an incredibly accessible format. This is the perfect starting point for learning about the Austrian school of economics and sound monetary policy. Read this book and you'll have a better knowledge of the economy (and how it can be fixed) than most of the population. ( )
  BigSki | Jan 12, 2019 |
The best introduction to free market economics I have ever read. Written for the non-academic, Hazlitt uses short chapters to explain Economics, with a focus on common fallacies. It has served as a major antidote to fallacies in the popular press, and has appeared in dozens of languages and printings. It's still the quickest way to learn how to think like an economist. And this is why it has been used in many classrooms for more than sixty years. Often writers have subsequently attempted to beat this book as an introduction, but have never succeeded. Hazlitt's book remains the best. Even if you own this book already, or have several past editions, you will want to have this book as your own as a wonderful testament to its place in the world of ideas. ( )
  jwhenderson | Apr 25, 2017 |
This book is more a rant by the author for the benefits of the free market. And how he disagrees with the current state of things when the government makes poor decisions, such as subsidies and social benefits. This book is a purely capitalist perspective and not an explanatory textbook on the subject of economics. Thus, the title is kind misleading. One thing made clear is that everything explained clearly and extensively. The main topic of the rant is government subsidies. And how it would be better without them. ( )
  Anatoly1988 | Apr 15, 2017 |
poorly written and repetitive, but the concepts are described in easy to understand examples ( )
  SydneySpaniel | Apr 4, 2017 |
Econ 101: One lesson followed by a lot of chapters explaining how that works with various topics. Chap 1 is the lesson, Chap 2 gives a single example, then the next chapters cover things such as public works, tariffs, parity pricing, price-fixing, rent controls, minimum wage laws, unions, inflation. Last chapter restates the lesson.
After finishing this slim book, look for Bettina B Greaves 2-vol "Free Market Economics" from FEE (The Foundation for Economic Education).
Relating this to politics is not covered in this volume, so I'll add that the typical left-right dichotomy you're used to makes no sense: Left is communism (aka Intl socialism), right is fascism (aka Nat'l socialism), center is democracy (or if you know a little more, it's called Fabian socialism). Trouble is the whole spectrum is socialism. If the whole spectrum is socialism, the spectrum is meaningless.
A real left wing-right wing spectrum would be: Far left is total govt (dictatorships such as communism, fascism, ceasarism, pharaohism, etc). Near that left is democracy (aka mob rule, or as Thomas Jefferson exaggerated, The worst of all possible forms of government - because it's a variant of dictatorship, just less noticeable) . Far right would be anarchy (different degrees). Near that right would be limited government, including the Constitutional Republic of places such as George Washington's USA, or the government of the Medes and Persians.
To grasp the meaning of this left-right issue better, read Gary Allen's first two chapters of None Dare Call It Conspiracy. ( )
  JS888 | Jan 26, 2017 |
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Amazon.com Product Description (ISBN 0517548232, Paperback)

A million copy seller, Henry Hazlitt’s Economics in One Lesson is a classic economic primer. But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others.

Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication.  Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson, every bit as relevant and valuable today as it has been since publication.

(retrieved from Amazon Thu, 12 Mar 2015 18:24:53 -0400)

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This revised and updated edition of Hazlett's well-regarded exposition of general economic principles examines, in layman's terms, the effects of inflation, recession, and the growing tax revolt.

(summary from another edition)

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