Economics in One Lesson
The Shortest and Surest Way to Understand Basic Economics
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4.1 • 167 Ratings
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- $9.99
Publisher Description
Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day.
“A magnificent job of theoretical exposition.”—Ayn Rand
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 wrote Economics in One Lesson 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.
Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty 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.
Customer Reviews
Destined to repeat mistakes of poor fiscal policy
This book is fascinating and scary at the same time. It is a great primer on sound economic policies and the implications for ignoring the rules of disciplined financial policies. The book was originally written in the 1940's and then revisited in the 1970's. The scary part is that the dangers and warning signs described herein are eerily similar to the US financial system of today. It is like reading an account of US fiscal policies over the last few years.
The economic views described in the book are fiscally conservative, so readers with a conservative viewpoint will enjoy the text the most. However, I encourage all readers to consider the thought provoking ideas regardless of their fiscal viewpoints.
Great Introduction
While this book may seem a little outdated it gives a great introductory into economics and where things fail. Looking how the financial system is one of the most important things anyone can understand today.
What's the deal
Says it is downloaded but doesn't show up in library. Defective somehow. I will not pay for this!