ECONOMICS IN ONE LESSON

by Henry Hazlitt ‧ RELEASE DATE: July 31, 1946

It is hard to take issue with Henry Hazlitt's exposition of the fallacies of what he calls ""the new orthodoxy"" in economics. But the trouble is, he does not provide a substitute, other than the old true and tried. He states two major shortcomings:- the danger of looking at only the immediate consequences of an act -- the danger of looking at only a particular group. And he discusses in detail the fallacies of accumulated demand, public works, government, spending, government credit (through commodity control etc.), technological unemployment, the spread of work, parasite bureaucrats, tariff protection, foreign loans as impetus to export trade, parity prices, price fixing, minimum wage laws, union pressure to raise wages; the mirage of inflation, the assault on savings. Commons-sense-but prejudiced approach.

Pub Date: July 31, 1946

ISBN: 0786199172

Page Count: -

Publisher: Harper

Review Posted Online: N/A

Kirkus Reviews Issue: July 1, 1946

Categories: NONFICTION