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A review by drew2718
Economics in One Lesson by Henry Hazlitt
3.5
The book is extremely readable and helps the reader develop an intuition for core economic principles, particularly principles that are commonly misunderstood in public discourse. The book’s primary lesson is important and often disregarded: We must consider an economic policy’s intended and unintended impacts over the long-run and not just its intended impacts over the short-run.
It is annoying that the book’s bias toward Austrian thought is dogmatic and unacknowledged. The arrogant treatment of dissenting economic views is especially troublesome given that the author is a journalist, not an economist. Adding to the negatives, the book occasionally indulges in over-simplifications that are utilized to arrive at unconvincing conclusions. Lastly, more than once the author was too strong in his assertions, like "if X policy is enacted then Y outcome *must* follow," even if it is merely probable that Y would follow.
It's a fine book, but why not just read Mises and Hayek?
It is annoying that the book’s bias toward Austrian thought is dogmatic and unacknowledged. The arrogant treatment of dissenting economic views is especially troublesome given that the author is a journalist, not an economist. Adding to the negatives, the book occasionally indulges in over-simplifications that are utilized to arrive at unconvincing conclusions. Lastly, more than once the author was too strong in his assertions, like "if X policy is enacted then Y outcome *must* follow," even if it is merely probable that Y would follow.
It's a fine book, but why not just read Mises and Hayek?