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Economics in One Lesson: The Shortest and…
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Economics in One Lesson: The Shortest and Surest Way to Understand Basic… (original 1946; udgave 1988)

af Henry Hazlitt (Forfatter)

MedlemmerAnmeldelserPopularitetGennemsnitlig vurderingOmtaler
2,051325,764 (4.22)21
A million copy seller, a classic economic primer and a fundamental influence on modern libertarian economics. Considered among the leading economic thinkers, Hazlitt was a libertarian philosopher, an economist and a journalist. Written in 1946, this seminal work is concise, instructive, deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Many current economic commentators credit Hazlitt with foreseeing the collapse of the global economy, making this ever relevant.… (mere)
Medlem:CraigLinn
Titel:Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Forfattere:Henry Hazlitt (Forfatter)
Info:Currency (1988), Edition: paperback, 218 pages
Samlinger:Dit bibliotek
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Economics in One Lesson af Henry Hazlitt (1946)

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Many people I respect have mentioned Economics in One Lesson as a book that had a profound influence on them. Had I read it much earlier in my life, I might well feel the same way. I still don't think it's the first book I'd recommend to someone curious about economics today. But it might be the second or third. Well worth a read. ( )
  szarka | Feb 9, 2021 |
This book has been the springboard from which millions have come to understand the basic truths about economics - and the economic fallacies responsible for inflation, unemployment, high taxes, and recession.

H.L. Mencken called Hazlitt "one of the few economists in human history who could really write. Nobel Laureate F.A. Hayek hailed this book as "a brilliant performance. "If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient... like a surgeon's scalpel, it cuts through... much nonsense that has been written in recent years about our economic.
  Maurizjo | Jan 29, 2021 |
This book is one of the best first books one can read about economics. It's relatively short, and set forth in much clearer terms than almost every economics text ever written. If you've already read other books on economics, but not this, you should read it as soon as possible anyway, because it will serve as a great reminder (or first introduction) of the important core lesson it presents. It also contains much more than a single lesson in economics, though.

The "One Lesson" of this book -- relating to the fact that decisions in economic policy (and, indeed, all actions in economics) have consequences, which themselves have consequences, and so on. The implications of this fact are often ignored, if ever apprehended in the first place, by people who advocate for various choices in the economic sphere. From a psychological perspective, it seems that people uncritically accept the idea of intended consequences of a choice, and refuse to consider the unintended consequences, even though unintended consequences in economic policy typically overwhelm the intended consequences and have effects that are, among other things, primarily harmful to the intended consequences.

That "One Lesson" plays out early in the book, and gets presented again with some different implications included at the end of the book. What lies between these two presentations of the same basic ideas is explanation sufficient to actually convince people about the importance of the lesson and its truth in practice, as well as some idea of how to recognize the lesson's overall significance. That intermediary material makes up a full beginner's course in economics.

There's little or no challenge in grasping the ideas presented in this book, because it is presented in such clear terms, unless you are invested in disagreeing with it and your mind looks for excuses to dispute it. The human mind is adept at obscuring its own understanding when ideological allegiances conflict with the facts, after all. If you can leave all that aside and just understand what is being said, this book is an excellent introduction to economics. Following that, if you continue to learn more about economics, the greatest danger is forgetting the import of this book while delving into the complexities of other lessons.

When you're done reading this book, a good second book in general economics understanding is [b:Lessons for the Young Economist|9574023|Lessons for the Young Economist|Robert P. Murphy|https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1327539748l/9574023._SY75_.jpg|14460883]. ( )
  apotheon | Dec 14, 2020 |
"This book is an analysis of economic policies that are at last so prevalent that they have become almost a new orthodoxy. The one thing that has prevented this has been their own self contradictions, which has scattered those who accept the same premises into a hundred different schools, for the simple reason that it is impossible in matters touching practical live to be consistently wrong. But the difference between one new school and another is merely that one group wakes up earlier than another to the absurdities to which its false promises are driving it, and becomes at that moment inconsistent by either unwittingly abandoning its faults premises or accepting conclusions from them less disturbing were fantastic than those that logic would demand.” (Page 9 - Preface to the First Edition)

The whole lesson is wonderfully stated in less than 10 pages. The rest of the book is examples of application - refuting the same fallacies that were prevalent over 50 years ago, and still are very much in vogue today.

Five stars means that this is a book worth rereading. ( )
  bread2u | Jul 1, 2020 |
Best intro to economics I've ever read. ( )
  jeffhex | Apr 14, 2020 |
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Economics is haunted by more fallacies than any other study known to man.
Preface: This book is an analysis of economic fallacies that are at last so prevalent that they have almost become a new orthodoxy.
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A million copy seller, a classic economic primer and a fundamental influence on modern libertarian economics. Considered among the leading economic thinkers, Hazlitt was a libertarian philosopher, an economist and a journalist. Written in 1946, this seminal work is concise, instructive, deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Many current economic commentators credit Hazlitt with foreseeing the collapse of the global economy, making this ever relevant.

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