 | This book is a fantastic introduction to economics. It explains a simple but important idea, and the entire rest of the book is an elaboration on the idea. The "one lesson" is the need to look beyond the first order effect of an action or policy, and see the many different consequences. Each subsequent chapter goes on to apply that lesson to different areas of economics and goverment. At the same time, the reader learns to think about economics in a much broader sense and everything else in a much broader sense. It never hurts to always consider the second-order effects of an action! |
Economics In One Lesson by Henry Hazlitt
