Economics in One Lesson
Economics in One Lesson

Economics in One Lesson
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Random House

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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  "Simple, concise, very powerful"2009-10-19
- Reviewed By User: A1MG1KGGZGCAG4
Example after example proving how you must look at long term results of policies on the entire economy rather than focusing on short term results on specific groups that may be benefited (until the economy adjusts itself to deal with the meddling). Very astute, Washington should read it. Easy to read with clear illustrations that a child could understand.
 
5 Star Rating  "!!! WARNING !!!"2009-10-14
- Reviewed By User: A213YKLZ250CQ6
This book in no way should be read by any 'progressive' who wishes to remain one! If you read with any openmindedness at all, you will be moved inexorably toward an appreciation of the ability of the free market to improve the lives of people in any society that values and practices it. Your faith in government to solve economic problems will be shattered as you begin to see how non-market 'solutions', no matter how well intended, exacerabate these problems in the real world.

Written over 60 years ago, Hazlitt's work is remarkably prescient and applicable today. Along with very relatable examples, I found his reasoning to be clear, concise, and sound. It is very readable and understandable for non-economists. Seems the economic fallicies that people mistakenly believe today are essentially the same ones from 1946, or 1846, or 1746...or for that matter... from 46. Just slap a new coat of paint on 'em and your ready to fool a whole new generation of victims. In this respect, Hazlitt makes a great paint stripper.
 
5 Star Rating  "Econimics in one lesson is right"2009-10-09
- Reviewed By User: A10M2O7RDUHR73
This book brings you right down to the nitty gritty of how economics works in plain english.
 
5 Star Rating  "A life-changing (or at least mind-changing) book"2009-10-02
- Reviewed By User: A1NPY3BZBWGD9X
I read this book as a college grad fairly ignorant of economic matters. It completely changed my world view. Perhaps that sounds hyperbolic, but the common-sense lessons about human thought and action in this small, easily digestible book have materialized in virtually every aspect of my life, from the obvious, such as my views on political policy, to the obscure, such as my relationships and my satisfaction with my own choices. Hazlitt is never heavy-handed; he come over as extremely objective because he doesn't need to convince anyone of his views. He is confident that anyone who takes the time to read, consider, and understand true economics would be hard-pressed to reject the logical conclusions he offers.

The book essentially springs from the premise that economic fallacy results from considering the effects of a policy or action only on a specific group or over a short period of time. From this he goes on to explain how such fallacies have invaded every single sphere of public policy. While before I vaguely opposed the idea of public works projects, tariffs, and welfare, I had no reasoning to back up my thoughts so I rarely expressed them. Hazlitt's book, instead of arming me with political doublespeak, provided me with the solid theory to truly understand why things that seem hard to argue against are really counter productive. I recommend this book for people who hail from any economic class or political party; it won't offend you, and will do nothing but make you more informed and better equipped to understand the world around you.
Comment Comment | Permalink | Why no voting buttons? We don't let custom
 
5 Star Rating  "Clear. Profound. Timely."2009-09-30
- Reviewed By jellis
ECONOMICS IN ONE LESSON is an essential work by Henry Hazlitt, of the Austrian school of economics. This piece is well-written, clear, simple and powerful. While it appeared first in 1946 (this edition was updated in 1979) the principles are as relevant today as they were then.

The book is intended to emphasize general economic principles and "the penalties for ignoring them". Indeed, issues of inflation, deficit spending, commodity pricing, corporate profits, exports and taxes are very much with us today and look in our future.

Economics, Hazlitt states, is the science of seeing both general consequences and secondary consequences. While much is made of the former, little is discussed of the latter and therein lies the danger. Government cannot give to one person or group without first taking from another. It creates nothing of value in that giving but in the taking it diminishes and discourages productivity and administers a negative effect on production and the creation of wealth. There is no justice in redistribution by force.

Hazlitt writes profoundly of the dangers of inflation. He says, "...all government spending must eventually be paid for out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation". Also, "Inflation plants the seeds of fascism and communism. It leads men to demand totalitarian controls. It ends invariably in bitter disillusion and collapse." Strong stuff.

On bureaucracy: "The bureaucrats do not understand the quasi-automatic system of the market, they are always disturbed by it. They are always trying to improve it or correct it, usually in the interests of some wailing pressure group."

Hazlitt has a gift for making the complex, simple and the abstract, concrete. This book is particularly well-written. In the current debates in Washington, D.C. Hazlitt's voice is one which needs to be heard above the shouting. It is the voice of reason, responsibility and experience. We would be wise to heed that voice.
 
1 Star Rating  "Painful"2009-09-24
- Reviewed By User: A2L9FSDCPFIRIS
I wouldn't recommend this book to an enemy. True, the information may be worthy, but the writing style and the narration were horrible. It is definitely NOT written (nor read) in a conversational manner. I'm willing to cut the narrator some slack as he was only reading what was written, however better inflection, phrasing, pauses, etc... would have greatly helped this otherwise tedious book.

I couldn't even finish it. I suffered through the first 5 disks and after all that investment in time I couldn't bring myself to listen to the 6th. Its just that poorly written.

I'll restate the fact that the message -- the information -- is worth hearing, its simply written in such a tedious manner that I couldn't stand to hear it through the end.

I think I'll donate it to my local library.
 
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