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Economics in One Lesson

By: Henry Hazlitt
Narrated by: Jeff Riggenbach
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Publisher's Summary

A million-copy seller, Henry Hazlitt’s Economics in One Lesson is a classic economic primer. But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others. Called by H. L. Mencken “one of the few economists in history who could really write,” Henry Hazlitt achieved lasting fame for this brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession, as well as illustrating the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum-wage laws.

Economics in One Lesson is deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Many current economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy, which occurred more than fifty years after the initial publication of this seminal work. Hazlitt’s focus on non-governmental solutions, strong—and strongly reasoned—antideficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.

©1962, 1979 by Henry Hazlitt (P)1996 by Blackstone Audiobooks

Critic Reviews

"If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient...like a surgeon's scalpel, it cuts through...much nonsense that has been written in recent years about our economic ailments." (J.W. Hanes, former Undersecretary of the Treasury)

What listeners say about Economics in One Lesson

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Thought-provoking

This book is a must for everyone to prompt further thinking on our views on economics and society, in general. Whether you are a proponent of the 'free market' or lean in a different direction, this book offers a lot to think about and reflect on.

Personally, the best value to me was expanding my understanding of the thinking some of our capitalist friends have.

The narration of the audio book is a bit boring and monotonous at times. However, the points made by the author are interesting enough to keep you going.

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A bit boring

A bit boring for me as a novice in economics. Should like to try a second time in the future to understand the concepts better. One of my favorite quotes is “ Profits are not made by raising prices but by reducing the production costs”.

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Best Economic Book Ever Written

So I teach students economic & finance & the very first book they read in my class is Henry Hazlitt’s Economics in One Lesson. It is a basic, but sound understanding of economics not just from an Austrian perspective but economics in general.

Politicians can always be guaranteed to adopt the wrong economic policies, but any good investor would be wise to read Hazlitt’s work & that of the Austrian school to understand the mistakes & consequences of government policies & to profit from these mistakes.

If you’re interested in business, finance, economics or investing, do yourselves a favour & read this book.

I promise you won’t regret it.

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found it hard to follow along

mainly an issue with the narrator, it was like listening to a robot talk the whole time...found it hard to follow along because of this

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Lucid and straightforward economic theory

Excellent and clear rendition of classical economic theory.
Applied with simple examples from real life, making it easy to grasp the essential points.
Clear reading, easy to listen to and we'll modulated.

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