Economics in One Lesson

By Henry Hazlitt

Categories: Business & Money

Henry Hazlitt's introduction to economics, first published in 1946, is based on Frédéric Bastiat's essay "What Is Seen and What Is Not Seen." Its one lesson is that good economics looks beyond the immediate effects of a policy to its longer-term effects, and beyond one group to all groups. Hazlitt applies this lesson in short chapters to common beliefs about public works, taxes, tariffs, price controls, minimum wages and government spending, in defense of free markets.

Recommended by 4 people

• Peter Schiff
• Naval Ravikant
• Changpeng Zhao
• Ben Shapiro: “The first econ book that I thought was really great because it was written for teenagers, essentially, is one called Economics in One Lesson by Henry Hazlitt. It's like 150 pages. I recommend it to everybody sort of 15 and up.”