Summary of Henry Hazlitt's Economics in One Lesson

Almost all major governments around the world adopt policies that are influenced, if not entirely determined, by economic fallacies. In Economics in One Lesson (1946), Henry Hazlitt analyzes fallacies so common that they have formed ground rules in economics. By shedding light on employment, inflation, imports and exports, supply and demand, wages, and tariffs, Hazlitt aims to reveal economic concepts that may be considered brilliant but are in fact renewed versions of old fallacies.