About the book
Henry Hazlitt sets out a single lesson for economics: look past the immediate effects of a policy to its longer-term consequences, and trace them for every group rather than one. First published in 1946 and built on an essay by Frédéric Bastiat about the seen and the unseen, the book introduces free-market economics through a dissection of common fallacies. Part One states the lesson, and Part Two applies it in twenty-four chapters, each examining one popular belief. Hazlitt argues for free trade and against price controls, monetary inflation and stimulative government spending. He credits Bastiat, Philip Wicksteed and Ludwig von Mises as influences, and keeps references to statistics rare.
Marc Andreessen recommended its chapter The Curse of Machinery, alongside Frederic Bastiat's satirical Candlemaker's Petition.
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This book has 1 recommendation
Marc Andreessen (Co-Founder/Andreessen Horowitz)
I recommend the chapter The Curse of Machinery in Henry Hazlitt’s Economics In One Lesson, and Frederic Bastiat’s satirical Candlemaker’s Petition to blot out the sun due to its unfair competition with the lighting industry, here modernized for our times.
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