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Economics in One Lesson

218 pages, 1988

economics & politics

economics & politics

987 books
business & management

business & management

1082 books
money & investing

money & investing

165 books
Takeaways
Description

Economics in One Lesson is a book by Henry Hazlitt, published in 1946. It explains the basic concepts of economics while at the same time dispelling many common economic myths. One of the most popular and influential books on economics ever written, it has sold over 1 million copies worldwide.  

Hazlitt was a notable economist of what is now called the Austrian School of Economics, along with Carl Menger, Ludwig von Mises, and Friedrich Hayek. Among libertarian economists, he is especially well known for his essay "The Foundation of Morality. "

Understanding the Basics of Economics

Henry Hazlitt's book, Economics in One Lesson, simplifies the complex world of economics. He breaks down the subject into digestible chunks, making it easier for everyone to understand. So, if you've ever been confused about economics, this book is a great place to start.

The Importance of Long-Term Thinking

Hazlitt emphasizes the importance of long-term thinking in economics. He argues that short-term benefits often lead to long-term losses. So, if you're making economic decisions, take a moment to consider the long-term effects.

The Fallacy of Government Intervention

One of the key points Hazlitt makes is about the fallacy of government intervention. He suggests that government interference often does more harm than good in the economy. If you're interested in the role of government in economics, you'll want to check out this book.

The Power of Free Markets

Hazlitt is a strong advocate for free markets. He believes that they lead to economic prosperity and individual freedom. If you're curious about the benefits of free markets, you'll find plenty of insights in Economics in One Lesson.

The Impact of Policies on the Economy

Hazlitt explores how different policies can impact the economy. He provides examples and explanations that make it easy to see the effects of these policies. If you're looking to understand how policies can shape the economy, this book is a must-read.

Quotes 5

Hazlitt's 'Economics in One Lesson' is a timeless classic that teaches the fundamental principles of free market economics. It's a must-read for anyone who wants to understand how economies really work.

Steve ForbesSteve Forbes - Publishing Executive

Hazlitt's book is a brilliant and concise introduction to free market economics. It's a book that should be in every American home.

Ron PaulRon Paul - Politician, Author

Hazlitt's 'Economics in One Lesson' is a clear and compelling guide to the basics of economic theory. A must-read for anyone interested in the subject.

Milton FriedmanMilton Friedman - Economist, Statistician

Hazlitt's book is a masterful introduction to the fundamental principles of economics. It's a book that every student and every citizen should read.

Thomas SowellThomas Sowell - Economist, Social Theorist

Hazlitt's 'Economics in One Lesson' is a powerful exploration of economic thought. It's a book that should be on every reading list.

Walter E. WilliamsWalter E. Williams - Economist, Columnist
Steve ForbesRon PaulMilton FriedmanThomas SowellWalter E. Williams

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