PublishedPrinceton University Press, July 2021 |
ISBN9780691217420 |
FormatSoftcover, 408 pages |
Dimensions21.6cm × 14cm |
A masterly introduction to the key ideas behind the successes-and failures-of free-market economics.
Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularised 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.
As Nobel Prize-winning economist Paul Samuelson quipped, 'When someone preaches Economics in one lesson, I advise: Go back for the second lesson.' In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes - and failures - of free markets.
Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.
