Economics in One Lesson

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Title: Economics in One Lesson

Essay Details:

Subject: American History

Author: Shaun T

Date: January 27, 2015

Level:

Grade: A

Length: 7 / 1990

Essay text:

Hazlitt explains topics such as war and the expenses, the tariff system, and productivity and the minimum wage laws. One concept Hazlitt emphasized on was how economics was viewed for temporary needs, versus more permanently viewed. "In addition to theses endless pleading of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups...

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