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With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
BUSY HUMAN'S SALES PITCHYou are a busy human. You don't have time to read piles of books, think about the best way to understand them, and then write (possibly) the most awesome notes on the planet. Luckily for you, I don't really have much going on in my life, so here we are.In this volume, I provide you, my dear reader, with a simple and entertaining summary of a fine work, Economics in One Lesson by Henry Hazlitt, which serves as a great introduction to basic economics, and covers topics such as supply and demand, inflation, taxes, subsidies, and how governmental decisions affect the economy and your wallet. This is not any old summary. I've tried hard to summarize this book in a very understandable manner, and I've added just enough humor to keep you entertained throughout the journey. Please note that this summary is for educational aid and entertainment purposes only (I sincerely hope that all of the content is totally true, but I'm mostly just trying to summarize a book that somebody else wrote; and just in case that you care, I sometimes disagree a teeny bit with the author, but I think that it's a great book).Thanks for reading, you busy human!.Shmuel Breban
A masterful introduction to the key ideas behind the successes—and failures—of free-market economics Since 1946, Henry Hazlitt’s bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can’t explain why they often fail so badly—or what we should do when they stumble. As Nobel Prize–winning economist Paul Samuelson quipped, “When someone preaches ‘Economics in one lesson,’ I advise: Go back for the second lesson.” In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterful introduction to the key ideas behind the successes—and failures—of free markets. Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work—and what to do when they don’t. Brilliantly accessible, Economics in Two Lessons unlocks the essential issues at the heart of any economic question.
Economics in Three Lessons Henry Hazlitt's 1946 book Economics in One Lesson sold more than a million copies. It is perhaps the best selling economics book of all time. In this volume, Hunter Lewis, a Hazlitt admirer and student, provides a sequel and update. The great merit of this volume is its simplicity. Anyone can read and understand it. It is an ideal introduction to economics. One Hundred Economic Laws In this groundbreaking volume, Lewis does what no one has attempted to do. It collects in one place some of the most important laws of economics. Everyone understands the importance of the laws of physics. Are there also laws of economics? Can understanding them also make our lives better? This volume answers with a resounding yes. This short book is also a complete course in economics written in a lively and sparkling style.
For the millions of readers who love Ayn Rand's novels and who seek to understand her revolutionary philosophy of Objectivism, there has not been available a simple and concise introduction to her thought. Objectivism in One Lesson is that book. In layman's terms, using vivid examples, Andrew Bernstein clearly explains the brilliant ideas that animate the conflict and characters of Anthem, The Fountainhead, and Atlas Shrugged. This is the definitive introductory text to the rational philosophy that will transform the world.
Economics for Life is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Ideal when paired with Boyes/Melvin or Taylor principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course.
This book provides a concise and pragmatic introduction to transfer pricing. Approaching the subject from an economic and business perspective, it familiarizes the reader with the basic concepts without getting sidetracked by tax law. In turn, the book draws on case studies to demonstrate the identification and application of appropriate transfer pricing methods for the most common intercompany transactions. The intuitive step-by-step guidance, together with integrated Excel-based tools, will equip the reader to ensure compliance with the arm’s length principle and thus to minimize tax risk. Based on the post-BEPS OECD Guidelines, the book’s content is applicable to a global context.