Today, I continue my précis of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, with two chapters covering tariffs and the drive for exports. The index page is here. Who’s “Protected” by Tariffs? The Drive for Exports On this subject, see also Razeen Sally’s excellent Trade Policy, New Century: […]

I’m currently publishing a précis of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, two chapters on employment: Disbanding Troops and Bureaucrats and the rather unfortunately titled chapter, The Fetish of Full Employment Buy or […]

I’m currently publishing a weekly précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. After a short break, this week, Spread-the-work Schemes, the consequence of the fallacy that there is only a limited […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, The Curse of Machinery, which destroys the luddite fallacy that mechanisation makes us […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. Economics is haunted by more fallacies than any other study known to man. This is […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, Taxes Discourage Production, which discusses how taxes and government spending inhibit progress, hamper […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, Public Works Means Taxes, which explains that people forget the unseen cost of […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, The Blessings of Destruction, an extension of The Broken Window Fallacy. Buy or […]

Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here. This week, The Broken Window, an old fallacy about the supposed blessings of destruction. Buy […]