Economics in One Lesson is a book by Henry Hazlitt which is based upon the writings of Frederic Bastiat in his Essays on Political Economy. Hazlitt was a free market economist who expanded upon the underlying concept of Bastiat which is the ‘unseen’ that many modern economists are criticized for not taking into account. This book succinctly lays out some basic economic principles that are often overlooked, but have huge implications such as the broken window fallacy.
This series of interviews explores the various chapters of Economics in One Lesson in a casual and simple format.
| Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 |
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)





