Economics in two lessons : why markets work so well, and why they can fail so badly
- New Jersey : Princeton University Press, 2019
- xii, 390 p. ; 22 cm
Includes bibliographical references and index.
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.
9780691217420
Capitalism Market economy Economics Global warming