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Loading... Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics (original 1946; edition 2010)by Henry Hazlitt (Author)
Work InformationEconomics in One Lesson by Henry Hazlitt (1946)
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. I didn't get very far in this book before I put it down in frustration because Hazlitt kept saying things like, "I'm not going to debate the benefits of low income housing (or social services, or unemployment, etc.), I'm just going to say that it's a bad idea economically." Well, that's great. Too bad we live in a world that isn't ruled by pure economics, right? We'd all be so much better off! (I don't know, maybe we would be better off, but it seems completely cold and unrealistic to me.) The book is well written - short and concise, however, I found title completely misleading. It is not a book of economics, rather one-sided view of a particular view of the economy - Free Market. In short, it states that all of the problems will be solved by the market itself and with this in mind, government actions usually just make it worse. One can agree or disagree with this but what I particularly didn't like is that most of the arguments are based on questionable (weak) premises and gross oversimplification, not to mention that any other idea is dismissed (also mocked) as not right without any proper argumentation. Give it a go if you are looking for a one-sided view on economics based on Austrian School. no reviews | add a review
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HTML: 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. 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 concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession, as well as illustrating the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum-wage laws. No library descriptions found. |
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Should be required reading for every politician, with a test at the end! Shows all the fallacies that government believes in, and practices on a daily basis. Following this book will change countries for the better. ( )