 |
More Relevant than Ever
This book is really rather remarkable. It was written in the 1940s and revised in the early 70s but I can't help, but feel that it was written for no better time than now. The fallacies Hazlitt demolishes are still passed around verbatim today as proverbial wisdom from the same 'brilliant' economists trotted out by the media, despite having failed to foresee the current crisis (late 2008). The world is rational. Read this book and you'll no longer be surprised by the frantic, panicked news chatter heard all around. There is nothing more special or unique about this current crisis. It is a truly predictable debacle and the direct consequence of belief in economic fallacy. Economic Law exists and its gravity will come to bear regardless of the attempts of interventionist actors. Nothing in this world comes for free. Hazlitt, drawing from the best traditions of Economics, lays it all out, neatly and succinctly. Strongly recommended.This Book Should Be Assigned Reading
I never had an economics class in high school, though I know that in other schools it is an elective, if not mandatory. This was an extra credit reading option for the college economics class I am taking currently, and I am so glad I bought it! It is written in easy-to-read language, and it explains how the world works in economic terms so simply and to the point that I have been having a lot of "wow, why didn't I realize this before?" moments. I realize now the importance of learning basic economics as they apply at home and abroad and I am now of the opinion that every high school and college should REQUIRE at least one semester in basic economics, if not an entire year. So many dumb mistakes are made in the world today purely because the people making them (I suspect) have either forgotten their economics or never took a class. However, since I am not in a position to mandate economics classes across America (let alone the world), for now I will urge you to buy this book and read it very, Very, VERY carefully!True Economics, More Actual Then Ever
After reading this fantastic book I realized that all I learned back in school was fundamentally wrong. Also, the policies of the governments around the world, in general, lead to the impoverishment of the whole population. As the book explains, it's just important to look at what is seen to what is not seen. The science of Economics lies in not only seeing the immediate effect in a short group of people, but in understanding the effects on all people in the long term. This book, now over 50 years old is more actual and needed than ever, given the current economical crisis. I highly recommend it!A must read for all
Of all the books I've read regarding economics and policy, this was by far the easiest to read. It was hard to put down. No abstract formulas or theory, just straight forward cause and effect, simple deductive reasoning. Originally written in 1946, updated in `62 &`79, the economic policy areas discussed are timeless, i.e., relevant today. Mr. Hazlitt discusses not only the immediate visible effects of implemented legislation and policy, but also the unintended consequences to the community at large, the not so visible effects. I would recommend this book for everyone, from the casual observer to the economic scholar, and (in my opinion) should be required reading for all politicians and policy makers.Down to earth Economics
This is a great buy for anyone trying to make sense of today's economic issues. Mr. Hazlitt cuts through the political rhetoric to help normal citizens (such as myself) understand these issues. In the book he talks a great deal about taking a full view of how economic policies can effect not just the industry they are regulating, but the broader effect on the whole economy.Keyword : economic
No comments:
Post a Comment