This is a true ‘Economics or Dummies’ book. It can be useful in case you want something handy to bang over an economic nit-wit’s head on short notice. Only such a dummy would be unable to puncture your simplistic arguments or need them in the first place. Beyond that, it is hard to envisage much use for this volume, whether for serious discussion or for serious reflection. So if the initial bang was not good enough and if you pack no other arsenal, you might as well get out of there, and fast. This failing is primarily for want of breadth of scope and an explicit avoidance of addressing possible arguments.
After all, any book that promises to redue an antire discipline to ‘one lesson’ should not expect to have much more efectiveess than a poorly aimed sledge hammer.
Of course, there is a case for reading a book like this. Firstly, it might have been useful and even an essential book back then. Textbooks lack bite. Sometimes a book needs to come along that takes a point of view and is not shy of an argument, and of drilling in a single pov to the point of exhaustion. Which is probably why this book has lasted 50 odd years and is still only moderately outdated.
But to a modern student, such an unqualified approach can only seem like sophistry. He is too jaded to believe in panaceas.
- Henry Hazlitt – Economics in One Lesson #TGDN #tcot (politicalbrian.wordpress.com)
- Quote of the Week – June 30th, 2013 (principlesandpolicy.wordpress.com)
- New Working Paper on Henry Hazlitt (coordinationproblem.org)
- ‘Venturesome Economy’ Benefits From Research Produced Abroad, Holds Key to Continuing American Prosperity (kauffman.org)
- On 50th Anniversary, New Volume Revisits Economic and Innovation Issues Covered by Classic Book (kauffman.org)
- What a Relief: It Appears Greg Mankiw Will Get His $1.6 Million in Royalties (economicpolicyjournal.com)
- Splinter! #2: Single-Stage Thinking #TGDN #tcot (politicalbrian.wordpress.com)