Economics in one Lesson

In few areas are there as many misconceptions as in economics. Moreover, they are so widespread that they are considered valid doctrine. Topics such as government interest rate manipulation, saving, inflation, minimum wages, or industry bailouts, like those for banks, are more relevant and misunderstood than ever. Therefore, it is important to understand what really lies behind these terms, how they interact, and what practical consequences government interventions have. No one could do this better than Henry Hazlitt. As one of the great figures of the Austrian School, he is mentioned in the same breath as Mises, Hayek, and Rothbard. His talent for elegant, accessible explanations of economic relationships has led to the creation of this book. In 24 engaging chapters, he imparts his extensive knowledge, covering topics from taxes to the idea of full employment, prices, and inflation.