Economics in One Lesson Author:Henry Hazlitt In this book a rigorous economic thinker is offering a major lesson in economics. Its central thesis is that sound economic thinking takes account of the long-run no less than the short-run, the overall public interests as against special interests, and the secondary consequences as well as the primary consequences of economic policies and prog... more »rams. The application of this general truth to programs of public works, taxes on production, make-work schemes, subsidies to special groups and commodities, wage legislation, is clearly explained to the layman.
The book is an analysis of economic fallacies "so prevalent that they have almost become an orthodoxy.... The shortest and surest way to an understanding of economics is through a dissection of such errors--that is the assumption of this volume."« less