Economics in One Lesson

Published in 1946

Henry Hazlitt

Henry Hazlitt (1894-1993) was an American journalist, economist, and philosopher known for his advocacy for free markets and classical liberal ideals. In Economics in One Lesson, he works to expose common economic beliefs as fallacies, and generally argues for free trade, and against price controls and inflation.

Chapters

Chapter	Summary
Chapter 1: The Lesson	Summary
Chapter 2: The Broken Window	Summary
Chapter 3: The Blessings of Destruction	Summary
Chapter 4: Public Works Mean Taxes	Summary
Chapter 5: Taxes Discourage Production	Summary
Chapter 6: Credit Diverts Production	Summary
Chapter 7: The Curse of Machinery	Summary
Chapter 8: Spread-The-Work Schemes	Summary
Chapter 9: Disbanding Troops and Bureaucrats	Summary
Chapter 10: The Fetish of Full Employment	Summary
Chapter 11: Who's "Protected" by Tariffs?	Summary
Chapter 12: The Drive for Exports	Summary
Chapter 13: "Parity" Prices	Summary
Chapter 14: Saving the X Industry	Summary
Chapter 15: How the Price System Works	Summary
Chapter 16: "Stabilizing" Commodities	Summary
Chapter 17: Government Price-Fixing	Summary
Chapter 18: What Rent Control Does	Summary
Chapter 19: Minimum Wage Laws	Summary
Chapter 20: Do Unions Really Raise Wages?	Summary
Chapter 21: "Enough to Buy Back the Product"	Summary
Chapter 22: The Function of Profits	Summary
Chapter 23: The Mirage of Inflation	Summary
Chapter 24: The Assault on Savings	Summary
Chapter 25: The Lesson Restated	Summary