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Economics in One Lesson

Narrated by: Jeff Riggenbach
Length: 6 hrs and 55 mins
4.5 out of 5 stars (83 ratings)

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Summary

Called by H.L. Mencken, "one of the few economists in history who could really write," Henry Hazlitt achieved lasting fame for his brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession. Covering considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum wage laws. And, he writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Stuart Mill, Alexis de Tocqueville, and Herbert Spencer. 

©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 members say

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  • Overall
    5 out of 5 stars
  • Sean
  • benfleet, essex, United Kingdom
  • 24-10-10

Sensible economics

This book provides an elementary lesson in Economics. It's a plea for free market economics and only for government to intervene when it's absolutely necessary. It shows up economic fallacies like trying control prices, rent controls, subsidizing farmers, unions and protectionist activities and lots of other things. This book really made me think and change some of my views.

6 of 6 people found this review helpful

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Great first introductions

Full of surprisingly useful facts that I never considered before while mindlessly watching political debates and reading the news. Now I am in a much better position to question all government policy and consider the forgotten man.

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A simplified lesson in economics

the book was great the narrator was good. its a dumbed down version and is good for people who do not unxerstand or know nothing about Economics

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  • Mr. VLC
  • LONDON, United Kingdom
  • 14-12-17

Timeless

An Excellent narrator. Very clearly written message. Hard to believe how relevant it is today.

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awesome book. must read

only negative is that Jeff isn't the most excitable narrator, but the content is too good and an awesome purchase

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  • Adam
  • londonUnited Kingdom
  • 02-06-08

Flawed, but still an interesting read.

Whilst interesting from a historical point of view, the ideas in the book have become dated.
The book is not a basic introduction to economics, but rather a dissection of many economic policies (mainly from the middle of the 20th century, and not terrible applicable to 21st century England).
The book is espouses a view point that was popular in 1970?s American right-wing economic thinking. Whist great in theory many of the augments don?t hold up in the real world, and there are also some inconsistencies between his own ideas within the book. Where the book really falls down is to mistake economics for an exact science, and to suggest policies based purely on theory.
If it was less preachy, had even the slightest bit of supporting data, and slightly more aware that it was dealing with theory not real-life, it would have been great. Never-the-less an interesting read.

8 of 18 people found this review helpful

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i had higher expectations

I heard Mike Rowe talking about this book on his podcast so I gave it a whirl. unfortunately it's not as neutral as so thought .. pretty much a libertarian propaganda piece. Not very entertaining either, I commend the voice actor for making the best of it.

0 of 1 people found this review helpful