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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
There are a few more lessons to be learnt. Don't stop at this book.
Mandatory reading! The book teaches a few basic lessons: there is no such thing as a free lunch, there are two sides to every coin, and always consider long term consequences. It then uses fiscal policies to demonstrate why these lessons are important. Mostly this is by showing that things like inflation, minimum wages and tariffs are, on the whole, bad, especially when used excessively. I don't think politicians have learned to much since the book was published. Sad!
informative
medium-paced
This is a very helpful basis for understanding economics.
informative
medium-paced
Was taking notes along with this and misplaced them so not sure how far I got. May pick it up again when I find them.
slow-paced
The entire thesis is to look at the whole picture when making economic policy instead of just those who benefit. I was hoping the author would be intelligent enough to give me some unexpected insights. Instead he peals back the first layer of policy, gets stuck on the second layer that assumes we are all robots with equal opportunities and backgrounds, and fails to go any deeper. The author is no more intelligent than than Regannomics grandfather spewing unfounded ideas at the dinner table.
An extraordinary book . Though it will take multiple readings to grasp . One wonders how could you add more wealth to a country if you could avoid inflation especially when new industries are constantly being created ( how does one account for innovation )
Similarly I don’t quite agree with the premise of public work , if anything some of our greatest technological innovations happen precisely because of public infrastructure ( the internet / phone networks / road networks / utility networks ) so need to re read
Similarly I don’t quite agree with the premise of public work , if anything some of our greatest technological innovations happen precisely because of public infrastructure ( the internet / phone networks / road networks / utility networks ) so need to re read
"What is prudence in the conduct of every private family, can be a folly in that of a great kingdom."
This book forms a perfectly good guide and introduction to dummies to the field of economics. Henry, throughout the book has tried to elaborately coin economics in general to be the science of recognizing secondary consequences and tracing of effects of some proposed or existing policy not only on some special interest in the short run but on general interest in the long run.
Divided into three parts: the lesson, the lesson applied and the lesson after a given period of time. (30 years). This book provides a basic understanding of economics to anyone who's a newbie in the field.
This book forms a perfectly good guide and introduction to dummies to the field of economics. Henry, throughout the book has tried to elaborately coin economics in general to be the science of recognizing secondary consequences and tracing of effects of some proposed or existing policy not only on some special interest in the short run but on general interest in the long run.
Divided into three parts: the lesson, the lesson applied and the lesson after a given period of time. (30 years). This book provides a basic understanding of economics to anyone who's a newbie in the field.
I felt the book was repetitive, every chapter reiterated a variation of the same point; I guess the author thought it important! However, it was the repetition that caused me to drop the book about 70% of the way through.
informative
slow-paced