Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly
Hardcover
Paperback
- Price:
- $23.95/拢20.00
- ISBN:
- Published (US):
- Apr 13, 2021
- Published (UK):
- May 4, 2021
- Pages:
- 404
- Size:
- 5.5 x 8.5 in.
- 6 b/w illus. 4 tables.
- Main_subject:
- Economics & Finance
ebook
Since 1946, Henry Hazlitt鈥檚 bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can鈥檛 explain why they often fail so badly鈥攐r what we should do when they stumble. As Nobel Prize鈥搘inning economist Paul Samuelson quipped, 鈥淲hen someone preaches 鈥楨conomics in one lesson,鈥� I advise: Go back for the second lesson.鈥� In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes鈥攁nd failures鈥攐f free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.
