Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics

Features

• Cover Type: Paperback with 218 pages
• Published by: Three Rivers Press December 14, 1988
• Written in: English
• ISBN 10 Number: 0517548232
• ISBN 13 Number: 978-0517548233
• Book Dimensions: 8.8 x 6 x 0.6 inches
• Weighs: 14.1 ounces

From AudioFile
Here is a case in which the spoken-word leads to better memory retention than the written version did–for this reviewer, anyway. Hazlitt was a remarkably lucid writer, and this short book is justly regarded as a classic introduction to the dismal science of economics. But it comes across even better in Jeff Riggenbach's interpretation. Riggenbach has a knack for making routine discursive sentences come alive. It's not that he's effusive or histrionic, but that his presentation suits the material; he could be a college professor lecturing, the kind of lecturer who really can teach. He sounds reasonable, engaging and thoroughly likeable. D.W. © AudioFile 2001, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio Cassette edition.

Product Description
A simple, straightforward analysis of economic fallacies that are so prevalent they have almost become a new orthodoxy.

Reader Reviews
I teach Principles of Microeconomics, and I always use this book for extra credit. Students who hate reading long, boring, stuffy text books always like Hazlitt, and give him high reviews every single semester. The very readable chapters are short (about 3-6 pages in most cases), and told in story form to make Hazlitt's point. This makes it possible for even freshmen with notoriously short attention spans to read the day's chapter. Hazlitt's "one lesson" is simple, and told in Chapter 1. The rest of the chapters are all stories in which the lesson plays a prominent role. In short, Hazlitt doesn't merely tell us the lesson, he actually shows us the lesson -- over and over and over, until we've got it. With stories on tariffs, minimum wage, rent controls, taxes. unions, wages, profits, savings, credit, unemployment, and so much more, Hazlitt takes some of the most difficult economic concepts and makes these easily accessible to the lay person who has no economic training, background, or even inclination. It's one thing for me to recommend this book. It's quite another for my students to recommend it semester after semester. I can imagine no higher praise.