Economics In One Lesson(1st Edition)

Authors:

Henry Hazlitt

Type:Hardcover/ PaperBack / Loose Leaf
Condition: Used/New

In Stock: 1 Left

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Book details

ISBN: 0593735609, 978-0593735602

Book publisher: Crown Currency

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Book Price $0 : Economics In One Lesson by Henry Hazlitt is a seminal work that distills complex economic principles into accessible language for the general reader. This book, first published in 1946, aims to demystify the processes and impacts of economic policies and practices by deconstructing popular misconceptions. Hazlitt's primary focus is on the 'broken window fallacy,' which illustrates how ignoring the indirect costs and long-term effects of economic decisions can lead to false conclusions about wealth creation and economic health. Through a series of engaging lessons, Hazlitt uses practical examples to demonstrate the importance of considering both immediate and secondary consequences, thereby encouraging more holistic and informed economic thinking. Although the book does not feature traditional characters, it invites readers to embody the role of a thoughtful economist, scrutinizing policy impacts beyond superficial impressions. Hazlitt's text has been revered for its clarity and timeless relevance, establishing itself as an essential guide for both students and professionals seeking a foundational understanding of basic economic theory. The enduring success of Economics In One Lesson is due, in part, to its pragmatic approach in offering an "answer key" to conventional errors in economic reasoning. A "solution manual" within its own right, the book’s content, akin to a well-organized "table of content," allows readers to systematically navigate through complex economic debates and their real-world applications. In terms of broader implications, Hazlitt’s work supports the curriculum of any economics discourse, especially where fundamental principles and critical analysis in economic theory are under scrutiny. An excellent, cheap supplement that complements university lectures and fosters independent study.