This is a great refresher of basic economic principals. It takes the tact of refuting economic fallacies proffered by politicians pandering to various special interests and the broad voting class with little or no understanding of economics. While the book is somewhat dated in context having been rewritten in the late 1970s, the principals are intact. In fact, there are frightening correlations for our current state and many statements that foreshadow turmoil we have since encountered.
Economics should be taught in every high school and probably required before we receive the right to vote.
Blast from past.
While you listen to Hazlitt expound upon the mistakes of 1940's America, the darkness closes in on you as you realize that none of the lessons have been learned and that the same mistakes are being repeated. And not just repeated, but repeated with grandeur as Hazlitt predicted 70 and 40 years ago (the book was revised in the 1970's but not much).
He has an engaging and professional voice.
As an economics major in college, I found the material to be true to the fundamental concepts taught in the field. The material would seem to be accessible to the common curious listener. Some of content does push more towards a conservative / libertarian view common in economics. While this is a natural conclusion of the discipline some of the examples and topic selection may put off some listeners. For what many consider to be a bland topic, the performance could have taken more liberty in jazzing up the delivery than was provided.
Very easy to understand the economics factors. If you want to know the principles of the economy this is your first option
I loved the audio but did not ever read it...
I like his way of delivering the message like you have not heard it before.. In some cases this is really what happened.. Great job.
I got this listen to see just how much economics is misunderstood and how to get it to the very most basic levels... This was a win for me so far..
If it had a few chapters on how things had changed in a global economy
Not only an economic lesson, but preaching from the pulpit. Lots of one sided examples to support his theory, with no explanation of how other things worked that did well and go against his theory. There is one point of view that is right and it is the authors.
This book provides the basics for thinking clearly about economics, a subject that affects us all. In the current political climate such a primer is needed more than ever.Highly recommended - indeed, highly encouraged!
Wide spread analysis
I have several books I'm listening to at this time. Economics is a throw back to
my college years. The more advanced the class was the easier the course.
There really isn't much beyond supply and demand economics 101.
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.
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!