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A review by gabbuz
Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics by Henry Hazlitt
5.0
It is one of those rare books that challenged my whole perception of the world. Every chapter taught me something new and the book has sharpened my thinking abilities.
First I must point out, that I find the author simply admirable, he reminds me of those intellectual and sharp-tongued seniors, who not only don’t mind offending others, but may secretly enjoy it. His little bitter remarks made this seriously-written book so much better, for that alone it deserves a good rating.
Talking about the book itself, it is a great introduction to anyone who is interested in libertarian economics and free market theory. The author discusses many ideas in a simplified way while giving real-life examples. He also debunks some myths and gives you a material to view politician promises in a more critical manner. However, it wont teach you everything about economics and is pretty one-sided.
“The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.”
First I must point out, that I find the author simply admirable, he reminds me of those intellectual and sharp-tongued seniors, who not only don’t mind offending others, but may secretly enjoy it. His little bitter remarks made this seriously-written book so much better, for that alone it deserves a good rating.
Talking about the book itself, it is a great introduction to anyone who is interested in libertarian economics and free market theory. The author discusses many ideas in a simplified way while giving real-life examples. He also debunks some myths and gives you a material to view politician promises in a more critical manner. However, it wont teach you everything about economics and is pretty one-sided.
“The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.”