Economics in One Lesson. The Shortest and Surest Way to Understand Basic Economics
Economy
087164
New York
1975
10,5×18
meki
143
engleski
Price: 10,00 EUR
Published in 1946, Economics in One Lesson by Henry Hazlitt is considered one of the most influential introductions to free market economics. Hazlitt, an American journalist and economist, in the book demystifies common economic misconceptions through the prism of the "Austrian School" of economics. The entire book is based on one central thesis, which Hazlitt calls "The Lesson": "The art of economics consists in seeing not only the immediate but also the long-term effects of any act or policy; it consists in tracing the consequences of that policy not only for one group, but for all groups." Hazlitt uses the famous parable of the broken window (taken from Frédéric Bastiat) to explain why destruction does not stimulate the economy. What is seen: The shop owner pays the glazier for a new window, which generates income for the glazier and ostensibly stimulates economic activity. What is not seen: The money the owner spent on the window can no longer be spent on something else (e.g. a new suit), thus causing the tailor to lose the job he would otherwise have had. Conclusion: Destruction does not create wealth; it merely redirects resources, often making them less efficient. The book has sold over a million copies and received high praise from Nobel laureates such as Friedrich Hayek and Milton Friedman, who called it a "timeless classic." DOSTUPNO PREKO INTERNETSKE PRODAJE ODMAH, U DUĆANU U ROKU OD 24 SATA.
