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Economics in One Lesson
by Henry Hazlitt · 1946
★★★★★Editor's Pickbeginner
The most lucid introduction to free-market economics ever written. Millions of readers have had their thinking transformed by this slim, powerful classic.
★ Why We Recommend It
The perfect starting point for anyone who wants to understand why free markets work and why government intervention backfires.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from Economics in One Lesson
- 1The broken window fallacy: destroying wealth to create jobs is always a net loss.
- 2Every economic policy must consider its long-run and secondary effects.
- 3What is seen is obvious; what is unseen is the true test of an economist.
- 4Protectionism enriches a few at the expense of the many.
- 5Government cannot create wealth — it can only redistribute it.
★ About the Author
Henry Hazlitt
Henry Hazlitt (1894–1993) was an American journalist, literary critic, economist, philosopher, and polemicist. He was the founding vice-president of the Foundation for Economic Education and a longtime columnist for The Wall Street Journal, The New York Times, and Newsweek. His Economics in One Lesson has sold over a million copies.
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