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Economics in One Lesson Audiobook

Economics in One Lesson

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Publisher's Summary

Called by H.L. Mencken, "one of the few economists in history who could really write," Henry Hazlitt achieved lasting fame for his brilliant but concise work. In it, he explains basic truths about economics and the economic fallacies responsible for unemployment, inflation, high taxes, and recession. Covering considerable ground, Hazlitt illustrates the destructive effects of taxes, rent and price controls, inflation, trade restrictions, and minimum wage laws. And, he writes about key classical liberal thinkers like John Locke, Adam Smith, Thomas Jefferson, John Stuart Mill, Alexis de Tocqueville, and Herbert Spencer.

©1962, 1979 by Henry Hazlitt; (P)1996 by Blackstone Audiobooks

What the Critics Say

"If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient...like a surgeon's scalpel, it cuts through...much nonsense that has been written in recent years about our economic ailments." (J.W. Hanes, former Undersecretary of the Treasury)

What Members Say

Average Customer Rating

4.2 (962 )
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4.2 (523 )
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Performance
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  •  
    Kenrick Alhambra, CA, USA 10-10-03
    Kenrick Alhambra, CA, USA 10-10-03
    HELPFUL VOTES
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    "Truly an amazing work."

    The book explains sophisticated concepts in very understandable terms. It helped me analyze the strengths and weaknesses of various economic actions even though I had no real prior economics training. A must for lawyers, investors, or any person who uses money in society.

    20 of 22 people found this review helpful
  •  
    Ferg Merkl Canada 10-12-07
    Ferg Merkl Canada 10-12-07 Member Since 2005
    HELPFUL VOTES
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    "New to Economics? Start here!"

    This book is a wonderful introduction to Economics for those (like myself) unfamiliar with the field. The author clearly and logically illustrates economic principles by examining what he takes to be the major economic fallacy of modern times: That all public spending and intervention is only good, and has no secondary consequences.

    Mr. Hazlett sets out his one lesson in the first 20 minutes, and then uses the rest of his effort to illustrate using easily understood examples and actual scenarios. This contact with reality is refreshing for those wearied by the large amount of theoretical illustrations employed by other economists.

    Although his views will be out of favour with many North Americans and their increasing devotion to government spending & protectionism, Hazlett presents a surprisingly balanced case for his one lesson.

    As the examples unfold, we are reminded that unions are NOT always bad, government spending is NOT always bad, we DO need to consider those who have lost work due to large scale shifts in the workplace due to technology.

    The one lesson comes back to it's origin: There are consequences to our actions.

    We are encouraged to consider those consequences, think first, and then act. This is a bad thing?

    23 of 27 people found this review helpful
  •  
    Amazon Customer 02-01-03
    HELPFUL VOTES
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    "The truth about Economics"

    This book is excellent as it takes the myths that people have about economics and gives instruction on the falsehoods of those statements. Myths people have such as "War is good for the economy" etc. are expertly handled. This book was written some time ago and stands the test of time. These principles ring true years later. If you want to continue to believe that you can get something for nothing or that through higher taxes and more government spending you will have a greater society then don't buy this book. If you want to understand the truth of economics then look no further.

    34 of 41 people found this review helpful
  •  
    Daniel Squires 12-30-09 Member Since 2016
    HELPFUL VOTES
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    "This is a timeless classic"

    The way economics is explained today is intimidating. Henry Hazlitt takes the intimidation out of it and lays out a common sense masterpiece that half a century later is as relevant today as when it was written.

    3 of 3 people found this review helpful
  •  
    Eric Pietz 10-16-09
    Eric Pietz 10-16-09 Member Since 2016
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    "Hazlitt debunks the biggest fallacies"

    Dumb title, awesome content. For anyone interested in the truth about economics and government intervention. Hazlitt doesnt get caught up in numbers. Just the truth about economics and unintendend consequences of free market interventions. Great book for people just starting out with economics OR people already schooled in it. Suits the whole range.

    3 of 3 people found this review helpful
  •  
    Grunt Style 10-08-09
    Grunt Style 10-08-09 Member Since 2015

    Founder/CEO of Grunt Style. Design, markets, produces and fulfills our own products. No formal business education, military background.

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    "Excellent, Could of been written yesterday."

    Very a-matter-of-fact with data to reinforce positions. However, no political positions are taken. Speaks of whole economics between nations and within governments, not personal or very much business economics. This book could of been written yesterday on topics such as, unions, welfare, stimulus, subsities, government price fixing and tarrifs.

    3 of 3 people found this review helpful
  •  
    Scott United States 05-06-13
    Scott United States 05-06-13 Member Since 2013
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    "Nice Basic Economics Primer"

    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.

    2 of 2 people found this review helpful
  •  
    Frank Busan, Korea (South) 06-25-12
    Frank Busan, Korea (South) 06-25-12 Member Since 2010
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    "A must read for any adult"

    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!

    2 of 2 people found this review helpful
  •  
    Erin&Merilee DeSpain 08-13-05

    Family on the move.

    HELPFUL VOTES
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    "Guide to Conservative Economics"

    While this book has a hugely conservative bent and doesn't take into account the value of any other economic ideas. It is a very good overview of the major arguments with which macro-economists work. It is quite insightful in some of its analogies and comparisons, and sure to be mind-expanding for those unfamiliar with economics.

    11 of 14 people found this review helpful
  •  
    Scott 07-19-14
    Scott 07-19-14 Member Since 2011
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    "MUST READ FOR EVERY AMERICAN"
    Any additional comments?

    Everybody needs to read this to understand how prosperity prevails. The writer gives excellent examples that are easy to understand pertaining to different economic practices. Read this and you will understand who is right and who is wrong in America. FREE MARKETS OR SLAVERY! DECIDE NOW!

    1 of 1 people found this review helpful
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  • Sean
    benfleet, essex, United Kingdom
    10/24/10
    Overall
    "Sensible economics"

    This book provides an elementary lesson in Economics. It's a plea for free market economics and only for government to intervene when it's absolutely necessary. It shows up economic fallacies like trying control prices, rent controls, subsidizing farmers, unions and protectionist activities and lots of other things. This book really made me think and change some of my views.

    6 of 6 people found this review helpful
  • Manuel Guimaraes
    9/5/16
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    "awesome book. must read"

    only negative is that Jeff isn't the most excitable narrator, but the content is too good and an awesome purchase

    0 of 0 people found this review helpful
  • Adam
    londonUnited Kingdom
    6/2/08
    Overall
    "Flawed, but still an interesting read."

    Whilst interesting from a historical point of view, the ideas in the book have become dated.
    The book is not a basic introduction to economics, but rather a dissection of many economic policies (mainly from the middle of the 20th century, and not terrible applicable to 21st century England).
    The book is espouses a view point that was popular in 1970?s American right-wing economic thinking. Whist great in theory many of the augments don?t hold up in the real world, and there are also some inconsistencies between his own ideas within the book. Where the book really falls down is to mistake economics for an exact science, and to suggest policies based purely on theory.
    If it was less preachy, had even the slightest bit of supporting data, and slightly more aware that it was dealing with theory not real-life, it would have been great. Never-the-less an interesting read.

    7 of 15 people found this review helpful

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