Economics in One Lesson
From Wikipedia, the free encyclopedia
Economics in One Lesson is an introduction to free-market economics written by Henry Hazlitt and published in 1946, based on Frederic Bastiat's essay Ce qu'on voit et ce qu'on ne voit pas (What is Seen and What is Not Seen).
The "One Lesson" is stated in Part One of the book:
- the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Part Two consists of twenty-five chapters, each demonstrating the lesson by tracing the effects of one common economic belief, and showing it to be a fallacy.
The contents of the fiftieth anniversary edition:
A Foreword by Steve Forbes
Part One: The Lesson
Part Two: The Lesson Applied
The Broken Window
The Blessings of Destruction
Public Works Mean Taxes
Taxes Discourage Production
Credit Diverts Production
The Curse of Machinery
Spread-the-Work Schemes
Disbanding Troops and Bureaucrats
The Fetish of Full Employment
Who's "Protected" by Tariffs?
The Drive for Exports
"Parity" Prices
Saving the X Industry
How the Price System Works
"Stabilizing" Commodities
Government Price-Fixing
What Rent Control Does
Minimum Wage Laws
Do Unions Really Raise Wages?
"Enough to Buy Back the Product"
The Function of Profits
The Mirage of Inflation
The Assault on Savings
The Lesson Restated
Part Three: The Lesson After Thirty Years
[edit] External links
- The Foundation for Economic Education
- Three Rivers Press, publisher of Economics in One Lesson
- Economics in One Lesson
- Economics in One Lesson.pdf
 |
This article about a non-fiction book is a stub. You can help Wikipedia by expanding it. |
