Economics in One Lesson
Economics in One Lesson

Economics in One Lesson
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978051754823

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A simple, straightforward analysis of economic fallacies that are so prevalent they have almost become a new orthodoxy.
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Economics in One Lesson Specs:
Product NameEconomics in One Lesson
ManufacturerRandom House
Product Number MPN0517548232
Retail Price $13.95
EAN-1409780517548233
UPC978051754823
EAN-139780517548233
Specifications 
TitleEconomics in One Lesson, Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
ISBN0517548232
Author(s)Henry Hazlitt
Release Date14 December, 1988, 1988-12-14
FormatPaperback
Num of Pages224, 218
Num. of Items1
EAN9780517548233
Weight0.5 lbs.
Deal first added on:20-January-2004

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Latest 6 Reviews
Here is what people are saying about the Economics in One Lesson
5 Star Rating  "the unreasonable effectiveness of mathematics"2010-03-02
- Reviewed By the wondering jew from Princeton, NJ, USA
The book is extremely lucid, and shows how far one can get just by thinking. It is interesting that the author describes the housing bubble which he did not live to see (this has been pointed out by a number of other reviewers), but what I find just as interesting, the section on imports and exports shows very clearly why making the USD the world's reserve currency has had (and continues to have) a destructive effect on the US economy (since it creates an impetus to hoard dollars [exactly what the chinese are doing] as opposed to spending them on US-produced goods).

What I also find interesting (and depressing) is that a lot of the reviews of this are "religious": look at all of the one-star reviews -- none of them have any logical objection to Hazlitt, but they all say that they are (in effect) religiously opposed to it. Until people (and Amazon book reviewers are probably slightly more sentient than average) learn to think, we will continue on the current road to ruin.

(the above was written before I had actually finished the book: now that I have I am even more impressed, because the last three chapters, on Inflation, Savings, and Lessons learned are eerily relevant to the current crisis, and the last chapter is particularly depressing, since, despite Hazlitt's hope, the governments STILL are going on their merry way making things worse).
 
5 Star Rating  "What it says on the cover"2010-02-25
- Reviewed By Xasew from Turku, Finland
If everyone simply read and understood this book, we'd be so much better off. Hazlitt explains economics in a way that anyone can understand, and I honestly have no idea what the 1-star reviewers are thinking. Hazlitt demolished Keynesianism in The Failure of the New Economics, so read that if you want to know why this book doesn't follow Keynes' teachings.
 
4 Star Rating  "Idealistic Free Market Economics.. not convincing"2010-02-09
- Reviewed By Hex from Seattle, WA USA
I am glad I read this. It has taught me that if the free market thinkers of today were to have their way (that of absolutely no government intervention or regulation of the markets or trade), the US would turn into one giant sweat shop over night. I've had discussions with these types of people who will argue till their face turns blue about how Wal-Mart has actually INCREASED Americans' living standards!

Think if there was no minimum wage and no social security or medicare/medicaid. It would be a disaster! 1/2 the population's income would be cut in half, PLUS they'd have to take care of their elderly AND buy their medications! What on earth would they have left to live off of?

Even John Keynes said, "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." Personally, I would replace "astounding" with "ridiculous".

This book seems also to be a bible of types to international capitalists such as Peter Schiff. These people have no allegiances to any country. Peter Schiff, for all the honesty and sincerity he exudes, is playing a big part in the capital flight from the US that will prove to play a huge part in our eventual demise. They're bailing out on us! They're jumping ship, these excessively wealthy international capitalists. They're jumping on the next boat -China. And they're leaving us here to drown. I would say "shame on them"... but that doesn't quite cut it.

This is an important read. But read it critically.
 
5 Star Rating  "relevant and insightful"2010-02-06
- Reviewed By P. Torres
Wonderful book. Great for those who are learning about economics or need a refresher...like most of those in Washington. The section on Tariffs was a little confusing but I will just have to reread it again.
 
5 Star Rating  "A fantastic overview of the fundamentals behind economics"2010-02-06
- Reviewed By ttank1802
Henry Hazlitt's one lesson is so simple, yet from the beginning the reader is able to see how he is going to apply it to the various topics throughout the book (public-works projects, price-fixing etc). I don't want to give anything away, but the lesson should give readers a different outlook on economics in general. He has great logic in making his case and the fact that he explains things so simply shows he has a deep understanding of the subject. The book doesn't go into really technical stuff, which should probably be expected given the title, but it explains the fundamental concepts of economics so well that the average person can move on to a more serious study of it.
 
5 Star Rating  "Great Title"2010-02-06
- Reviewed By Michael D. Markle from Fort Myers, FL
Truly does explain fundamental economic principals in depth and detail. Using examples, and expanding on them. These principals can be applied to both micro and macro economics. Good read for both beginners and experienced economics students.
 
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