16 of 19 people found the following review helpful
An introduction, but can be a little wordy and tedious!,
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This review is from: Economics in One Lesson (Paperback)
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, something I found a little irritating, and his general response to anyone who has an outlook different to him is to label them fools, idiots or just plain stupid rather than clearly refuting their arguments.
The economics is solid, unbending free market economics presented without any figures or real-life examples (with some minor exceptions), there is certainly no social dimension to the subject, and there is no consideration that economies may be distorted by anything other than supply, demand and/or government interference. Personally I was a little uncomfortable with the lack of what I would regard as a key element to the subject and certainly strikes me as needing consideration as this factor is why the practice differs so radically from the theory presented here.
Personally I was expecting something a little more substantial from what the book promised. Condensed into maybe 40-50 pages with some clear examples and further chapters translating the theory into practice combined with a friendlier tone would have made this the essential primer this book masquerades as.