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The cover of Economics in One Lesson

Economics in One Lesson

Henry Hazlitt

Which common economic fallacies lead us astray, and what simple lesson exposes them?

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At a glance

Author: Henry Hazlitt

Why read it

You will learn to look for the hidden cost behind a policy, such as the taxes that must pay for every public work
You will question the belief that government spending is a cure for every economic ill
You will stop blaming machines for unemployment, a belief the author says has been refuted a thousand times yet keeps coming back

Who it is for

Voter trying to judge a promised government program
Student new to economics who wants one clear principle
Small business owner skeptical of tariffs and price controls

Contents

PREFACE TO THE NEW EDITION
PREFACE TO THE FIRST EDITION
Part One The Lesson
Chapter I THE LESSON
Part Two The Lesson Applied
Chapter II THE BROKEN WINDOW
Chapter III THE BLESSINGS OF DESTRUCTION
Chapter IV PUBLIC WORKS MEAN TAXES
Chapter V TAXES DISCOURAGE PRODUCTION
Chapter VI CREDIT DIVERTS PRODUCTION
Chapter VII THE CURSE OF MACHINERY
Chapter VIII SPREAD-THE-WORK SCHEMES
Chapter IX DISBANDING TROOPS AND BUREAUCRATS
Chapter X THE FETISH OF FULL EMPLOYMENT
Chapter XI WHO’S “PROTECTED” BY TARIFFS?
Chapter XII THE DRIVE FOR EXPORTS
Chapter XIII “PARITY” PRICES
Chapter XIV SAVING THE X INDUSTRY
Chapter XV HOW THE PRICE SYSTEM WORKS
Chapter XVI “STABILIZING” COMMODITIES
Chapter XVII GOVERNMENT PRICE-FIXING
Chapter XVIII WHAT RENT CONTROL DOES
Chapter XIX MINIMUM WAGE LAWS
Chapter XX DO UNIONS REALLY RAISE WAGES?
Chapter XXI “ENOUGH TO BUY BACK THE PRODUCT”
Chapter XXII THE FUNCTION OF PROFITS
Chapter XXIII THE MIRAGE OF INFLATION
Chapter XXIV THE ASSAULT ON SAVING
Chapter XXV THE LESSON RESTATED
Part Three The Lesson After Thirty Years
Chapter XXVI THE LESSON AFTER THIRTY YEARS
A NOTE ON BOOKS

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