Introducing Economics in One Lesson

by Bob Weeks on November 25, 2008

In This Book is So Me, Walter Block introduces a book that I’ve quoted from and used extensively: Economics in One Lesson by Henry Hazlitt.

Every widespread economic fallacy embraced by pundits, politicians, editorialists, clergy, academics is given the back of the hand they so richly deserve by this author: that public works promote economic welfare, that unions and union-inspired minimum-wage laws actually raise wages, that free trade creates unemployment, that rent control helps house the poor, that saving hurts the economy, that profits exploit the poverty stricken; the list goes on and on. Exhilarating.

No one who digests this book will ever be the same when it comes to public-policy analysis.

This book is available online at the Foundation for Economic Education, and portions are available in audio format at Economics in One Lesson (Audio) Part 1 and Economics in One Lesson (Audio) Part 2.

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Tagged as: Capitalism, Economics, Interventionism, Laissez faire, Liberty

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