Economics In One Lesson
Economics in One Lesson
By Henry Hazlitt
Dan Gardner
History of Economics 360-001
Dr. Smith
March 8, 2005
Economics in One Lesson
By Henry Hazlitt
Henry Hazlitt's book, Economics in one lesson, brings to perspective numerous topics that are mainstream issues in the economy today. His book breaks down in detail specific concepts that have their effects on the economy. Hazlitt explains topics such as war and the expenses, the tariff system, and productivity and the minimum wage laws.
One concept Hazlitt emphasized on was how economics was viewed for temporary needs, versus more permanently viewed.
"In addition to theses endless pleading of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group and to neglect to inquire what the long-run effects of that policy will be not only on that special group but......
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