description Economics in One Lesson Overview
Henry Hazlitts classic work is a powerful defense of free-market principles. The 'one lesson' is that the art of economics consists of looking not merely at the immediate effects of any act or policy, but at the longer effects; not merely at the consequences on any special group, but at the consequences on all groups. Despite being written in 1946, its arguments against protectionism, subsidies, and government intervention remain highly relevant. It is a concise, punchy, and essential read for anyone interested in classical liberal economic thought.
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