Henry Hazlitt - Economics in One Lesson

  • > I am still amazed at its freshness. Although the first edition
    > appeared in 1946, apart from a mere few words in it (for example, it
    > holds up to ridicule the economic theories of Eleanor Roosevelt, about
    > which more below) its chapter headings appear as if they were ripped
    > from today’s headlines. Unless I greatly miss my guess, this will still be
    > true in another 60 years from now, namely in 2068. Talk about a book
    > for the ages. Other books on Austrian economics, too, are classics, and
    > will be read as long as man is still interested in the subject. Mises’s
    > Human Action and Rothbard’s Man, Economy, and State come to mind in
    > this regard. But those are epic tomes, numbering in the hundreds of
    > pages. This little book of Hazlitt’s is merely an introduction, written,
    > specifically, for the beginner. I wonder of how many introductions to a subject it can be truly said that they are classics? I would wager very,
    > very few, if any at all.
    The art ofeconomics consists in looking not merely at the immediate hut
    at the longer effects of any act or policy; it consists in tracing the consequences of that
    policy not merely for one group but for all groups.

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