Economics in One Lesson is an excellent intro into free market economics. The book, written by Henry Hazlitt, is largely based on the writings of Frederic Bastiat. Bastiat’s Essays on Political Economy were brought to a more modern light with Hazlitt’s work, but you will see that the economic principle remains the same.
The following are interviews with various modern free market economists who summarize various chapters and concepts within the book. We highly recommend the book itself, but these videos do an excellent job of presenting the information.
Purchase the book: Economics in One Lesson
Part 1: Introduction (Chapter 1)
Part 2: The Broken Window Fallacy, Blessings of destruction (Chapters 2 and 3)
Part 3: Public Works Mean Taxes, Taxes Discourage Production (Chapters 4 and 5)
Part 4: Credit Diverts Production (Chapter 6)
Part 5: The Curse of Machinery, Spread-the-Work Schemes (Chapters 7 and 8 )
Part 6: Disbanding the Troops and Bureaucrats, The Myth of Full Employment (Chapters 9 and 10)
Part 7: Who’s Protected by Tariffs?, Drive for Exports (Chapters 11 and 12)
Part 8: Parity Prices , Saving the “X” Industry (Chapters 13 and 14)
Part 9: How the Price System Works, Stabilizing Commodities Government Price Fixing (Chapters 15, 16 and17)
Part 10: Minimum Wage Laws, Do Unions Really Raise Wages? (Chapters 18 and 19)
Part 11: The Function of Profits, The Mirage of Inflation (Chapters 20 and 21)
Part 12: The Assault on Savings (Chapter 23)