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Economics in One Lesson
- Narrated by: Jeff Riggenbach
- Length: 6 hrs and 55 mins
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Economics in One Lesson
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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.
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Overall5 out of 5 stars
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- Piotr Wozniak
- 30-06-20
Highly recommended
Great narration. The topic is very timely these days. Well good lesson, everyone should know this.
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Overall5 out of 5 stars
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- Mr. VLC
- 14-12-17
Timeless
An Excellent narrator. Very clearly written message. Hard to believe how relevant it is today.
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- Clay Baker
- 23-12-22
Great points but surely a skewed view?
I'm definitely amateur level with my economics prowess. this book has definitely inspired me to lean more in favour of a free-er market economy, smaller government, and less inflation and protection of industries etc. HOWEVER, naughty union organisers and government aren't the ONLY threat to a free market (he doesn't say they are, but most of the arguments are directed against government and union activity). anticompetitive behaviour by cartels/powerful interested groups is also a major problem. price fixing, to the extent it harms productivity of an industry, also applies to widespread underpaying of a particular group of workers (like healthcare professionals in the UK) who then engage in quiet quitting and emigration for better conditions, to the detriment of the very important industry they used to work in. After reading this, I feel like the workers of today need more confidence that, if the services they invested ages in training for are no longer needed, they should be thoroughly supported in quickly retraining into another industry where they are needed. this should be a function of government. would reduce the temptation to unionised in he first place.
anyway, let's see how the economy fares through the upcoming recessions, with all these debts to service alongside the downturn
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Overall5 out of 5 stars
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- Ducarta
- 17-02-22
Very Informative!
As an economics newbie I was really impressed with the brevity yet wide range of topics that this book goes into. The he book was constantly bringing you back to some very key fundamentals and as this is economics in one lesson I think it accomplished the task of giving the reader a solid grounding and also in many cases, sharing what economics it is not.
By the end of the book, I started to realise that perhaps there would be a number of economists out there who would present an opposing view.
So perhaps the next steps for me, beyond looking further into some of the details presented, is to also look into some of the alternative viewpoints in the areas raised.
That said, I highly recommend this book, I enjoyed it and while I imagine some will not like the narrator's to his voice, it's quite apt for the topic.
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Overall5 out of 5 stars
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- Alex Davenport
- 17-08-21
Great book recommended by Peter Schiff
Great content, worth listening to. Only downside is the narration sounds very old and robotic
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Overall5 out of 5 stars
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- Amazon Customer
- 29-03-22
A much needed lesson for practically everyone
A brilliant and concise introduction to fundamental economics.. MUCH needed in today's political and ideological climate.. Should be mandatory reading in schools
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Overall4 out of 5 stars
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- CZ
- 27-06-20
COVID related!! Excellent read
Greatly relevant to today’s economic policy. Poor narration however, robotic sounding recordings needs improvement! Would recommend.
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1 person found this helpful
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- Amazon Customer
- 30-12-20
Very informative and interesting
Though old, it gives very good perspective and basics of economic fallacies. Examples are very helpful too.
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- Amazon Customer
- 12-04-23
Neoclassical school of economics well explained
Well explained Chicago style neoclassical economics. To the point and the reasonings behind strong opinions are presented structurally.
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Overall5 out of 5 stars
- Sean
- 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.
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6 people found this helpful