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A review by alexager5028
Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics by Henry Hazlitt
4.0
Very enjoyable intro text to economics from a free market perspective. The book is centered around a simple premise - sound economic reasoning is the practice of thinking past the first order effects of a given policy to understand its full implications. The author comes back to this piece of wisdom time and time again when covering various topics such as the mechanization of labor (first order effect: people are put out of work in the positions which are mechanized. second order effect: production is increased and new jobs/industries are made).
The author Henry Hazlitt background was as a journalist, not an economist. This comes through in his fluid and easy to understand writing, fleshing out concepts via text rather than graphs or equations. The only criticism I have of this book is that at times the author comes off as an ideologue seeing all things through a libertarian prism. I took some of the things he said with a grain of salt because of this, but overall this was a great read covering some key economic concepts in clear prose.
The author Henry Hazlitt background was as a journalist, not an economist. This comes through in his fluid and easy to understand writing, fleshing out concepts via text rather than graphs or equations. The only criticism I have of this book is that at times the author comes off as an ideologue seeing all things through a libertarian prism. I took some of the things he said with a grain of salt because of this, but overall this was a great read covering some key economic concepts in clear prose.