Economics in One Lesson - The Ultimate Book to Start Learning Sound Economics

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Discover the timeless wisdom of Henry Hazlitt’s Economics in One Lesson, a groundbreaking book that has shaped how we think about economic decisions since its publication in 1946. Hazlitt explains core principles like the “Broken Window Fallacy,” teaching us to look beyond immediate effects and consider the hidden, long-term consequences of economic actions. Explore key concepts like opportunity cost—the unseen trade-offs in every decision—and how market prices act as vital signals to allocate resources efficiently. Written in clear, accessible language, Economics in One Lesson simplifies complex ideas, making it an essential read for anyone curious about economics, from beginners to seasoned readers. In today’s world of increasing government intervention, Hazlitt’s defense of free markets and individual liberty is more relevant than ever. Watch this video to learn why Hazlitt’s lessons still resonate and how they can change the way you think about policies and the economy.
00:00 - Introduction to "Economics in One Lesson”
00:56 - The Broken Window Fallacy – Seeing the True Costs of Policy
02:16 - The Importance of Opportunity Cost – What You Give Up
03-09 - The Role of Prices and Markets in Allocating Resources
03:53 - Why "Economics in One Lesson" is Essential Reading