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151 reviews for:
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Henry Hazlitt
3.75 AVERAGE
151 reviews for:
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Henry Hazlitt
3.75 AVERAGE
This book smacks down Keynesian economics with good ol' Austrian economics.
Highlights (these are from memory so they may not be verbatim):
"Inflation is the opiate of the masses" (LOVE the shoutout to Marx!)
"Inflation is taxation of the most regressive kind."
"The art of economics is not just seeing the immediate but the long term effects of any act or policy. You must trace the consequences of that policy not only for one group but for every group."
I love the chapters on inflation, unions, free trade, tariffs, rent control... Heck, I loved every chapter.
Highlights (these are from memory so they may not be verbatim):
"Inflation is the opiate of the masses" (LOVE the shoutout to Marx!)
"Inflation is taxation of the most regressive kind."
"The art of economics is not just seeing the immediate but the long term effects of any act or policy. You must trace the consequences of that policy not only for one group but for every group."
I love the chapters on inflation, unions, free trade, tariffs, rent control... Heck, I loved every chapter.
informative
slow-paced
Opá, odiei.
É bem provável que não teria odiado tanto não fosse o tom condescendente do autor, que talvez tivesse algum sentido na época onde escreveu (no meio - e também fim, na edição atualizada - das políticas keynesianas, que o próprio aborda) mas depois de décadas de política económica que seguia os conselhos do autor, todo o livro parece um tweet do Mayan a dizer "Não há almoços grátis".
Há uma reverência pela racionalidade económica, uma reverência pela produção e claro, a aversão a tudo que seja intererência do estado na economia, incluindo leis de salário mínimo e principalmente ao que ele chama de "Estado Redistributivo".
Não dou uma estrela porque os argumentos ao menos são internamente lógicos (pelo menos pareceram-me) e apresenta-os de forma clara e concisa.
É bem provável que não teria odiado tanto não fosse o tom condescendente do autor, que talvez tivesse algum sentido na época onde escreveu (no meio - e também fim, na edição atualizada - das políticas keynesianas, que o próprio aborda) mas depois de décadas de política económica que seguia os conselhos do autor, todo o livro parece um tweet do Mayan a dizer "Não há almoços grátis".
Há uma reverência pela racionalidade económica, uma reverência pela produção e claro, a aversão a tudo que seja intererência do estado na economia, incluindo leis de salário mínimo e principalmente ao que ele chama de "Estado Redistributivo".
Não dou uma estrela porque os argumentos ao menos são internamente lógicos (pelo menos pareceram-me) e apresenta-os de forma clara e concisa.
informative
fast-paced
Дуже хороша книга, але з трохи оманливою назвою (здається, це в мене стандартна претензія до 99% прочитаних книг).
Тут йдеться про суть економіки і вказана одна з основних помилок, яку роблять дуже багато економістів (і ще більше політиків) - оцінювати ефект законів чи будь-яких інших "акцій", обираючи короткочасну перспективу і виділивши лише одну групу, на яку направлена дія закону, і забуваючи про вплив на всі інші групи через деякий час.
Більшість книги - це саме приклади подібних дій з боку політиків, до яких наслідків вони мали привести "в задумі", і до яких привели в реальному житті через декілька років.
Тут йдеться про суть економіки і вказана одна з основних помилок, яку роблять дуже багато економістів (і ще більше політиків) - оцінювати ефект законів чи будь-яких інших "акцій", обираючи короткочасну перспективу і виділивши лише одну групу, на яку направлена дія закону, і забуваючи про вплив на всі інші групи через деякий час.
Більшість книги - це саме приклади подібних дій з боку політиків, до яких наслідків вони мали привести "в задумі", і до яких привели в реальному житті через декілька років.
Loved this book. Every politician should be required to read this before making more idiotic decisions that compromise the integrity of our economy. A well written book with insightful examples that are still relevant today.
A good basic overview of capitalism, but unfortunately the details haven’t aged well. This book was written in the 40s and updated in the 70s, so 50 years (or 80...) things are quite different. The basic principles don’t change, but the application looks very different. The update at the end of the version that was updates in the 70s is interesting. He wrote this directly after WWII and then updated after The New Deal. He mentions the creation of all the social programs we have today and talks about how government did the opposite of what he said they should do. It would be something interesting to witness.
Other than not aging well, I also struggled with some principles. Most are based on a zero sum theory that everything we change affects another industry or group of people. Every idea came back to this and the warning he gives that we will go wrong if we only look at the immediate consequences or one specific group. The big picture is vital.
So, overall it confirmed what I knew about capitalism and helped remind me of some important things. But it also confirmed the big problem I have with a totally free market- there is always a loser. Hazlitt says this multiple times in his conclusion. Jake reminded me that he’s an economist, so he just reports the science. It’s not his job to have solutions, but that’s what I wanted.
Other than not aging well, I also struggled with some principles. Most are based on a zero sum theory that everything we change affects another industry or group of people. Every idea came back to this and the warning he gives that we will go wrong if we only look at the immediate consequences or one specific group. The big picture is vital.
So, overall it confirmed what I knew about capitalism and helped remind me of some important things. But it also confirmed the big problem I have with a totally free market- there is always a loser. Hazlitt says this multiple times in his conclusion. Jake reminded me that he’s an economist, so he just reports the science. It’s not his job to have solutions, but that’s what I wanted.
My husband picked this book out for me because it’s his birthday month so I let him.
Such an oversimplified view. I tried hard to finish it, but... not going to happen.