The title should have been: "Why The Government Should Stay Away From Economics And People's Lives".
Warning this is anything but a lesson in economics. It is anti-government, anti-worker, misanthropic, nanny state, neoliberal, dog-whistle, reactionary, conservative bullshit. Advocates loose, uncritical treatment of banks and increased suspicion of employees and democratic institutions. Painfully dated source references. Even asserts that child labor ceased merely because "the economy has improved and they were no longer needed." Discusses the function of banks without mention the profit made on the interest derived on loans. Comically shallow and self-serving arguments from beginning to end. I want a refund. This is not a book. It is a feudal state pamphlet.
I did not appreciate the tendency of the author to belittle any and all that schools of thought that disagree with him. This tendency subtracts from the arguments being presented and weakens his case. If the author truly believed his ideas superior then such tactics wouldn't be necessary.
It's amazing how relevant this decades old text still is today. The simplicity of Hazlitt's thesis and its potential impact on the economy of our country is why I suggest this should be required reading for every single school child before receiving a diploma. This book contains something for everyone to chew on regardless of your level of understanding of basic economics. It is also a blunt reminder of how rational thought has succumbed to political interests.
Easy to follow reasoning highlighting the hidden consequences of economic intervention. Highly recommended...especially to Janet Yellen and all elected officials
Very eye opening. The insights written about so long ago are still so true yet we continue down the same slippery slope.
I was extremely surprised at the Knowledge and Insight that was put forth in this book in such an elementary and concise manner. The lack of the United States "Government", "World Governments", in failure to learn from not only local but internationally documented historical consequences to the results of taking excess from "workers", to pay/compensate "non-workers", thereby creating an increase of a [unwilling/unwittingly] government dependent people. Done: to be able to control these peoples!! This book should be taught on every street corner and field...
This book was last published in 1978, but the information it contains is still spot on in 2015. I wish all people and politicians would read it, understand it, and apply it.