Economics in Two Lessons (Heftet)

Why Markets Work So Well, and Why They Can Fail So Badly

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Innbinding: Heftet
Utgivelsesår: 2021
Antall sider: 408
Forlag: Princeton University Press
Språk: Engelsk
ISBN/EAN: 9780691217420
Omtale Economics in Two Lessons
A masterly introduction to the key ideas behind the successes-and failures-of free-market economics

Since 1946, Henry Hazlitt's 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't explain why they often fail so badly-or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, "When someone preaches 'Economics in one lesson,' I advise: Go back for the second lesson." In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes-and failures-of free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.

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