Monday, July 2, 2012

Book Review: Economics in One Lesson

Economics in One Lesson: The Shortest and Surest Way to Understand Basic EconomicsEconomics in One Lesson: The Shortest and Surest Way to Understand Basic Economics by Henry Hazlitt
My rating: 4 of 5 stars

Hazlitt exposes one of the basic fallacies in economic policy: Most policies are made for one group of people and only look at short term results. He argues economic policies should be made with all groups in mind and should look at long term results. It contains a lot of common sense economic wisdom. He repeats himself as he shows how the fallacy works itself out in various governmental policies. I found it eye-opening.

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Let the saints be joyful in glory, let them sing aloud on their beds, let the high praises of God be in their mouth, and a two edged sword in their hand, to execute vengeance on the nations, and punishments on the peoples; to bind the kings with chains and their nobles with fetters of iron. Psalm 149:5-8