Economics in one lesson (Classics of liberty library)

By Henry Hazlitt

No Synopsis Available.

• Format: Unknown Binding
• Language: English
• ISBN: B0006S9YOO
• Release Date: January 2002
• Publisher: Classics of Liberty Library
• Length: 222 Pages
• Weight: 1.00 lbs.

Customer Reviews

Let’s look at economics the way Henry does

Whether you are right or left, or in some other place. It is always a good thing to read individual ideas on economics. Sometimes they say what you think, but just put it in the words you did not think about. At other times, it is just good to know someone else thought the same thing. Then there is the new idea that you did not think about. Of course, the flip side is that you can see what others (Henry in this case) overlooked or are a tad prejudiced about without explaining or even realizing that they are. In this case, we refreshingly get economics without math and that annoying history from the beginning. Unfortunately, he likes to use the term “socialism” without defining it, but implying that it is a bad word. A good point made over and over again is that we focus on one side of what taxes can do at the expense of what the taxed person would have spent or saved. This covers wars, WPA-type projects, etc Here, while he likes to dismantle projects that are just projects for the project's sake, he misses a perfect opportunity to make a point that I am sure he would like to make. Tax is not just removing a dollar from one purpose to another (for better or worse); tax is more like a transfusion where you collect a pint of blood from one arm and spill some on the way to place it in the other arm. Aside from any fraud or mismanagement, there are always costs involved. In some of the scenarios, as we get further in the book, Henry verges on a Dave Barry (American Author) skit that takes something reasonable and goes off the deep end. You will want to complete this book. Then I suggest balancing this particular book with “The Capitalist Manifesto” by Louis O. Kelso and Mortimer J. Adler.