Henry Hazlitt’s popular book ‘Economics in One Lesson’ has been recommended to me many times so I finally took the time to read it. The structure of the book is Hazlitt’s interpretation of economics, the study of how society allocates scarce resources with alternative uses, boiling down to one major fundamental lesson. He presents this … Continue reading A Stone Thrown into a Still Pond: Economics in One Lesson and Second Order Effects
A Stone Thrown into a Still Pond: Economics in One Lesson and Second Order Effects