This book explains clearly the consequences of so many things we take for granted; i.e. regulations, taxes, price fixing, tariffs, and the like.This book reads like it was written today, and only the dates and actual figures reveal that it was written long ago. It shows that priciple stays the same, despite the fad of the day.
I loved explaination of the pros and cons brought about by union labor without any politcal spin! It's strictly numbers...
If I would try to read this book on my own, I would have fallen asleep, but Jeff gave dry material a personality that I enjoyes listening to.
This book crunched numbers without any political motivation. As certian policies were explained, I had quite a few "Ah-Haaa" moments.
Its to the point and the examples are clear.
Most of it... Just listen to it, it makes sense.
This book provided an easy-to-understand introduction to all aspects of an economy and applied it to common misconceptions about economic theory and public policy. It also discusses what we ought to do in order to achieve sustainable prosperity.
In his "30 years later" chapter, Hazlitt reflected on how modern day economists and policymakers (in the 1950s) perpetuate the problems they intend to solve, and I liked that the reader properly demonstrated his shock of the U.S. running deficits of $50 billion a year -- those were the days!
This is not so much an educational text as it is an argument for Mr Hazlitt's position. Some of his insight was valuable although it is not what I thought I was getting.
This is a good one. Mr. Hazlitt explains what the basic ideas are in the world of economics. It turns out, I discovered that economics is not a science as there are premises upon which the theory is based and if the premises are wrong, so are the conclusions.
How does this apply to todays world?
If Keyneism is wrong, and it appears that is it, then the world is headed for a major breakdown.
Hazilitt would shake his head in disgust at the belivers that run the Federal Reserve and the government as they have entirely too much confidence that they are right and more debt will solve the current problems. I hope they know what they are doing, but I'll bet one one of them has read this book.
One of the better ones I've listened to.
Not much of a story, just a lot of facts with significant examples to support the theory being put forth.
Very clear reading
somewhat surprised because of the ideas presented made me think of how some decisions I make in my daily life ma.y have profound affects across the overall economy
I have had only one other economics course in my life, but it was enough to see that this is not thoughtful presentation of the topic.
The book is quite outdated to begin with.
But even given that, the author provides very little help with the complex economic problems that are being dealt with today. In his view, wages and prices and so forth will automically be 'right' based on the market. And there is no need for state intervention ever (except for maybe police and fire support). He assumes the investment banks will operate with integrity - instead of creating toxic cdos and selling them to pension funds. He apparently assumes the millions of dollars (taxed at a low capital gains rate) made by traders is actually a good thing and is somehow fair even though some of these people made a fortune on the sale of the fraudulent investments. We do need government (or someone) to monitor the free market and a thoughtful and complete economics book would cover those issues as some of the most important.
The book is also presented in a condescending way. In his view the economists that don't agree with him are 'confused' at best or 'bad' at worst. He can't accept that there may be other points that should be considered. Silly economists. Why do they even bother to have discussions.
The speaker of the words contained brings forth a great insight into the writings of Henry Hazlitt. Very well performed and well pronounced words within.
I am a Small Business Consultant for Spanish speaking entrepreneurs in Birmingham Al. I wish you the all the success in everything you do!
This book has a great view in modern economics, the process of money, behavior in our part, the government and its place in the free enterprise.
Is a must have, not for everyone but more for the entrepreneur or the open minded, notice that is more about you been comfortable with this kind of information, still affect you and me the same.
Although some times is better to live in the ignorance, well that is until we are ready to accept the truth. If you are in business or trade of some kind, or simply wanna expand your knowledge about economics, then this book is highly recommended by me.
Easy to understand, great narration, here take five stars from me... Great job Mr. Henry Hazlitt!!!
if you want a economics book for the basic economics principle, then this one is not for you. This book is more like the book of "Economics facts and fallacies by Thomas Sowell". Very impressive and Great. Read this book, then you will found you have a version about the policy as everything else. Don't fool by the statistical and purple prose on newspaper ore magazine.
Anyway, you should never miss this great book.