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63 of 66 people found the following review helpful
5.0 out of 5 stars Simple, elegant, persuasive
This writing in this book is straightforward yet beautifully elegant. The author examines over twenty commonly held economic assumptions. In doing so, he exposes what he considers to be faulty thinking and widely assumed fallacies.

This book is written from a classical liberal standpoint. Each `fallacy' is considered in a discrete chapter. Each chapter is in...
Published on 7 Jun. 2006 by Sébastien Pétain

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17 of 20 people found the following review helpful
3.0 out of 5 stars An introduction, but can be a little wordy and tedious!
A fairly straightforward book explaining in simple terms some very basic economic principles. However, I felt that the information imparted could have been done in a much shorter book as it tends to go on in much the same way about each subject, often veering dangerously close to being a rant. Mr Hazlitt writes in the style of a grumpy, opinionated Daily Mail reader,...
Published on 10 Nov. 2011 by Kuma


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5.0 out of 5 stars Crystal clear, 30 July 2012
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This review is from: Economics in One Lesson (Paperback)
This is a very readable book, written without jargon. Mr Hazlitt argues against some popular beliefs about the benefit of government interventions (e.g. public spending, price-fixing, credit guarantees, export-subsidies, import-tariffs) as means of job-creation or job-protection. He considers the unseen people who pay for the interventions. The unseen people pay directly e.g. via taxes or higher prices, and indirectly by not getting what the money would otherwise have been spent on, and by having fewer choices. The interventions appear to work because their targeted, immediate beneficiaries do benefit in the short term. But the community as a whole is worse off in the long term. The long term cannot be flippantly dismissed because we are all now living in what was once someone else's long term.

Mr Hazlitt accepts that economics is "hounded by fallacies" because of the "special pleading of selfish interests". Despite the abuse flung around by their spokespeople, these selfish interests cannot be isolated as pariah groups, because "each one of us has a multiple economic personality". We are both producer and consumer and tax payer. But even if your personalities have already settled on a view, then this book will help you. If you like big government it will give you a clear target to aim at. If you like small government, it will help you state your case.

The book was first published in 1946 at the start of an exponential rise in population and consumption. It does not address current issues like pollution, which, ironically, is something else that affects those who aren't immediate beneficiaries of a transaction. The 1946 edition is online at [...]

If you like this book, you may also like "Attacking faulty reasoning" and "The Richest Man in Babylon".
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5.0 out of 5 stars Economic literacy, 15 Jan. 2012
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This review is from: Economics in One Lesson (Paperback)
If people want to understand the abyss governments have dragged us into, then this economics primer is a start.

The media is overloaded with doom and gloom concerning the economy; and they are right. However there is little explanation as to why this financial mess has occurred other than "'twas the banker that did it". The questions that should be asked are: Why is the Eurozone collapsing? Why are anti-capitalists invading the city? Why are students protesting and unions striking and also what would be the outcome if their demands are met? Why is unemployment so high? Why is housing so expensive? And the most important question: What can be done about it? Surprisingly I found the answer in this book.

Here is an excerpt on inflation.

"Like every other tax, inflation acts to determine the individual and business policies we are all forced to follow. It discourages all prudence and thrift. It encourages squandering, gambling, reckless waste of all kind. If often makes it more profitable to speculate than to produce. It tears apart the whole fabric of stable economic relationships. Its inexcusable injustices drive men towards desperate remedies. It plants the seeds of fascism and communism. It leads men to demand totalitarian controls. It ends invariably in bitter disillusion and collapse."
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1 of 1 people found the following review helpful
5.0 out of 5 stars Best economics book ever, 7 Feb. 2011
This review is from: Economics in One Lesson (Paperback)
Best economics book I have ever read!
Every politician should be forced to read it before taking up their seat!

But it should be called "The Complete Idiot's Guide to Debunking Economic Myths" so politicians will be more likely to read it. They don't like learning "lessons"!

Clear, concise, logical.
Repudiates most political policies and explains why they are so wrong!
What more can one ask for!
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15 of 18 people found the following review helpful
5.0 out of 5 stars free market economics, 17 Nov. 2004
This review is from: Economics in One Lesson (Paperback)
If you want a simple book about right wing - free market economics this is the book. It's written in a simple manner that even I with no economic background can understand. Specifically the book adovacates less government, less tax and less bureacracy.
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1 of 1 people found the following review helpful
3.0 out of 5 stars Biased., 22 Sept. 2014
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Mr. I. Erem - See all my reviews
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This review is from: Economics in One Lesson (Paperback)
and although im on the same page with him, in his views; this is not "economics in one lesson". it should've been titled "libertarian economic ideas in one lesson"... it's heavily political and the title is misleading as if it's going to teach you a clutter-free version of an academic "economics 101".
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1 of 1 people found the following review helpful
5.0 out of 5 stars Good read; worth the time (and money, although not expensive) invested!, 25 Nov. 2012
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This review is from: Economics in One Lesson (Paperback)
An excellent read; I fully recommend it. It's very insightful into the fundamentals that all of Economics is based on and easy to read for someone who has not really done Economics in the past - I hadn't!

It does certainly raise questions of competency regarding the choosen economic policies in this country!
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1 of 1 people found the following review helpful
5.0 out of 5 stars The economics book that everybody should read, 1 Jun. 2013
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This is the book that debunks all the Keynesian nonsense that has damaged the advanced western economies. It provides a lucid explanation of basic economics through one basic lesson - when considering what economic policy to pursue it is vital to consider not just what is seen - i.e. the obvious consequences of that policy - but also what is not seen. This is sometimes known as the 'broken window fallacy' first set out by the eminent 19th century French economist Bastiat. We see versions of this still cropping up today - even by Nobel prize winning economists who claim that such things as disasters (natural or man made) can be good for the economy by providing work for reconstruction. The idea that destruction of things that are not obsolete is a good thing could only be believed by an academic economist.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Economy as the science of common sense., 8 Oct. 2011
By 
V. H. Svoboda (Hampshire, UK) - See all my reviews
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This review is from: Economics in One Lesson (Paperback)
Outstanding summary of classical economy, including common sense instead of graphs and tables. As happens with books that become classics it has lost nothing of its relevance today. It should become a compulsory textbook for the simple minds of politicians playing games with economy.
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5.0 out of 5 stars The only book on economics that you need to ever read., 23 Nov. 2013
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Nick Lincoln (Watford, England) - See all my reviews
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This review is from: Economics in One Lesson (Paperback)
If you only read one book on economics make it this one. It should be compulsory at school level, as much for the teachers as the pupils!

The central thesis is the rule of unforeseen or ignored secondary consequences of economic decisions. For example, the tax rate rise which brings in a specified amount for the state, which it will spend on xxx. What you don't see or hear about are the businesses that don't start up because of that tax hike, the jobs that aren't created, and so on.

As you may expect the book is not for those few left who think Keynes had the right idea. This book was first published shortly after the Second World War and updated in the 1970s. Sadly it's as relevant now as it was then. Amazingly prescient.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Good Book, 13 May 2013
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This review is from: Economics in One Lesson (Paperback)
Arrived on time and was in excellent condition ... I am enjoying the lesson in Economics and am now understanding it, something I was told I wasn't intelligent enough to understand. I now realise I knew more than that person... :)
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Economics in One Lesson
Economics in One Lesson by H Hazlitt (Paperback - 20 May 2010)
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