Economics in One Lesson
by Henry Hazlitt
The lesson: look at the effects of any policy on all groups, not just one, over the long run, not just the short. Applied to tariffs, minimum wages, public works. Free-market classic, short and clear.
Read it if…
you want a concise free-market primer.
See the book →
Skip it if…
you want a balanced survey; see Naked Economics.
Try instead: Basic Economics →
Three things you will actually use
- See the unseen effects.
- Long run over short.
- All groups, not one.
Do this first
Read the broken-window chapter.
Our verdict
Hazlitt's lesson.
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