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A review by ghassbomb
Economics in One Lesson by Henry Hazlitt
3.0
Not only is this book outdated, it's also obviously ideological. Don't read this book — get an Econ 101 textbook instead. You have to be *generally* wary of pundits who think they can explain an entire social science 'in layman's terms' — but especially those who wrote 70 years ago! You wouldn't think you could pick up the basics of physics or biology off of one ~200 page book, so why think the same for economics? I haven't read them, but if you *really* need a short book on economics, maybe try Thomas Sowell's works.
Henry raises valid points and lessons (broken-window fallacy, luddite fallacy, etc), no doubt. But his work is *way too simple*. It really vulgarizes the entirety of economics in service of making it understandable to layman. If you're one of these layman, please just put in a little more effort and purchase a textbook. Some chapters are plainly outdated, especially those on international trade — though, again, the general points are legitimate.
Henry raises valid points and lessons (broken-window fallacy, luddite fallacy, etc), no doubt. But his work is *way too simple*. It really vulgarizes the entirety of economics in service of making it understandable to layman. If you're one of these layman, please just put in a little more effort and purchase a textbook. Some chapters are plainly outdated, especially those on international trade — though, again, the general points are legitimate.