Economics in One Lesson

Economics in One Lesson is an introduction to free market economics written by Henry Hazlitt and published in 1946, based on Frédéric Bastiat's essay Ce qu'on voit et ce qu'on ne voit pas (English: "What is Seen and What is Not Seen"). The "One Lesson" is stated in Part One of the book: Part Two consists of twenty-four chapters, each demonstrating the lesson by tracing the effects of one common economic belief, and showing that common economic belief to be a fallacy. Among its policy recommendations are the advocacy of free trade, an opposition to any and all price controls, an opposition to monetary inflation, and an opposition to "stimulative" governmental expenditures: In a paperback edition in 1961, a new chapter was added on rent...