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Икономиката в един урок

4.23  ·  Rating Details ·  8,591 Ratings  ·  671 Reviews
Хенри Хазлит (1894-1993). Един от най-известните американски публицисти, писатели и общественици. Започва журналистическата си кариера през 1913 г. в "Уол Стрийт Джърнъл". От 1934 до 1946 г., докато е член на редколегията на "Ню Йорк Таймс", пише известните си редакционни коментари, с които остро осъжда социално-икономическата политика на "Новия курс" на Рузвелт. Автор и р ...more
Paperback, 176 pages
Published 2009 by Изток-Запад & ИК МаК (first published 1946)
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Community Reviews

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Whitaker
Sep 07, 2011 Whitaker rated it did not like it  ·  review of another edition
Shelves: economics, 2011-read
Since I have been told (see Post #3) that I have insufficiently supported my point in the original review below, I thought I should expand on it. I have therefore added on Post #4 in full to this review.

Original Review

I read the free copy made available here. Well, actually I read the first three chapters and scanned through the rest to see if it was more or less based on the same type of argumentation and reasoning. It was.

Can't people tell that this is just rhetoric and argument? There are a
...more
Stephen
Economics20in20One20Leson-1-1v2

5.0 STARS ALL THE WAY for this TERRIFIC book that I consider ESSENTIAL READING for anyone interested in understanding the "free market" theory that government intervention in the markets, no matter how well meaning the intent, almost always leads to negative consequences down the road.

Hazlitt, a prolific author and champion of "free markets" begins the book with the following lesson of Economics:
The art of economics consists of looking not merely at the immediate but at the longer effects o
...more
Riku Sayuj

This is a true ‘Economics for Dummies’ book. It can be useful in case you want something handy to bang over an economic nit-wit's head on short notice. Only such a dummy would be unable to puncture your simplistic arguments or need them in the first place.

Beyond that, it is hard to envisage much use for this volume, whether for serious discussion or for serious reflection. So if the initial bang was not good enough and if you pack no other arsenal, you might as well get out of there, and fast.
...more
Jarrod Jenkins
Apr 23, 2015 Jarrod Jenkins rated it it was amazing  ·  review of another edition
Shelves: nonfiction
Abbreviated Review: stop reading my review and go read “Economics in One Lesson” right now.

Full Review: In the first half of 2009, I visited several law schools before making my selection. While at Northwestern, I spoke at length with a professor who had recently worked on a paper supporting a national consumption tax. Encouraged by the fact that our positions on the desirability of a sales tax over an income tax aligned, I pushed him to explain his solution for getting out of the current financ
...more
Marcus
Feb 26, 2009 Marcus rated it it was amazing  ·  review of another edition
For a book that was written so long ago, this book is amazingly relevant to today. It clearly explains how things like stimulus packages, government subsidies, nationalization, currency inflation etc., aren't, and can't be, magic solutions that fix the economy. It gives examples of times these types of things have been tried in the past and haven't worked and why they won't work today and will never work. If you are skeptical of the hundreds of billions of dollars being printed and shuffled arou ...more
Trevor
Oct 12, 2009 Trevor rated it liked it  ·  review of another edition
Shelves: economics
The point of this book is to show that there are facts that economists have worked out over the years that are now all but laws that can be used to determine how we should structure our interactions so as to provide the best possible benefit to the greatest possible number. These laws ought to be followed to the letter as ANY mucking about with them can only lead to tears. Unfortunately, it has always been the case that politicians (and even some economists – particularly economists contaminated ...more
Matthew
Nov 24, 2009 Matthew rated it did not like it  ·  review of another edition
If you want to read about Austrian economics and hear about how Keynesian economists are out there in the night, conspiring to tax you and build useless bridges for giggles, then read this book. If you know anything about economics and think about what you're reading, you'll see an agenda. Many generalizations and exaggerations are made to portray advocates of Keynesian economics as moronic and simple-minded.
Hazlitt doesn't say the government takes money from the rich and give to the poor; he sa
...more
Pezquenin
Dec 16, 2014 Pezquenin rated it did not like it  ·  review of another edition
Recommends it for: Nobody
The book of fallacies


Mr Hazlitt's favourite word in the world is FALLACY. It appears countless times throughout the book. Only once or twice he uses equivalent terms, such as "delusion".

This is my (ironic) summary of the book:

- Chapter N
Theory A is a fallacy. People who support it only think about the benefits for one group, and only about the short-term consequences. They should think about the long-term consequences and its impact on all groups. Let me give you an example: example 1
- Chapter N
...more
Andrej Karpathy
May 15, 2016 Andrej Karpathy rated it really liked it  ·  review of another edition
The main thesis of this book is that the economy is a complex dynamical system and government's efforts to tamper with a free market economy is a game of whac-a-mole where a variety of hard-to-see n-th order (n>1) negative consequences dominate the intended easy-to-see positive consequences, resulting in an overall net loss for everyone. This thesis is illustrated with the use of few dozen example settings per chapter that are seemingly different (e.g. tariffs, rent control, unions, minimum w ...more
Jonathon
HERE! THE BOOK IS FREE! READ MORE! IT IS LITERALLY RIGHT BELOW THIS PARAGRAPH! Your lazy ass does not even have to walk the whole two blocks to the library, you can just roll over in your semen covered bed with gummy worms stuck to your back and pizza crumbs ingrained and meshed in your disgusting pubic-like chest hair and fumble with the mouse until you click on the link, and read a very short and simple explanation of economics in one easy lesson...This is probably the most important book writ ...more
Alan Mills
Jun 09, 2014 Alan Mills rated it did not like it  ·  review of another edition
Shelves: non-fiction
I could not finish this book. It is trite, misleading, and misstates history. Here are my notes:

Notes on Economics in One Lesson, by Henry Hazlitt (1946)

I'm with Hazlitt on the broken window fallacy: destruction of value needs to be added to the balance of new value created in replacing the destroyed.

But the next step is NOT a logical extension (p. 14): "But the more money is turned out in this way, the more the value of any given unit of money falls.“ Not true. Money has no value at all. It is
...more
Jeremy
Oct 25, 2008 Jeremy rated it it was amazing  ·  review of another edition
Recommends it for: Economic novices
Recommended to Jeremy by: Kelsey
I can't even count the number of times already that topics discussed in this book have come up in everyday conversation. To me that is the major value of a book like this and an indication of its effectiveness. The "one lesson" is this: to truly understand economics (and make good economic policies) we must consider the short-term and long-term effects of a policy as well as how it affects all people immediately and in the future.

There has been a paradigm shift in my thinking. I have been confro
...more
Paul
May 18, 2007 Paul rated it did not like it  ·  review of another edition
Recommends it for: idiots
a triumph in the art of oversiplification
Jacob
Reading Hazlitt's economic primer, I was reminded of the recent vice presidential debate, in particular Paul Ryan’s statement: “If you don't have a good record to run on, paint your opponent as someone people should run from.” Unfortunately, this book was plagued by a similar ailment. The author spends page after page decrying the evils and ineffectiveness of his opponents while spending far less time building evidence for his own theories. Even when Hazlitt tries to make an argument in favor of ...more
David Robins
Oct 30, 2009 David Robins rated it it was amazing  ·  review of another edition
If you only read one book on economics, read this one: read it and learn it. (But don't read just one book on economics.) It's astounding how so many fail to grasp the basic truths in this volume, or, more likely, ignore the evidence and rush ahead with their failed schemes of redistribution, inflation, etc. to provide short-term benefit to a favored few.

"Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverish
...more
Clinton
Oct 14, 2012 Clinton rated it it was amazing  ·  review of another edition
Economics in One Lesson must be an absolute necessity for any Austrian School of Economics advocates. Hazlitt fiercely dissects and debunks the many economic fallacies created by government policy and special interest groups. Every single lesson is truly a testament to real economic prosperity rather than delusions spouted by politicians and media personnel.
All 25 Lessons have significant importance, but fundamentally, the preeminent lesson is inflation. Single-handedly, inflation can be blamed
...more
Seth
Feb 03, 2009 Seth rated it really liked it  ·  review of another edition
The book uses simple examples of economics between individuals to understand the cost vs. benefit relationships surrounding economic decisions and policies. Examples and principles described are very easy to understand and are relevant to arguments made. Author is a Classic Economist and argues that economic growth is never optimal with government intervention. He shows how saving money is perhaps better to the growth of the economy than is consumption spending. He persuasively argues against Ke ...more
Mardin Uzeri
Sep 12, 2015 Mardin Uzeri rated it it was amazing  ·  review of another edition
This book lives up to it's promise.

I can confidently claim that this book granted me the understanding of basic economic principles and equipped me with knowledge to recognize common fallacies.

The core lesson is straight forward. A coherent interpretive insight into a complicated economic decision can be made through keeping two principals in mind. The first being the consideration of how that decision affects the whole community at large, rather than a special group. Secondly, to always regard
...more
Michael
Jan 09, 2013 Michael rated it really liked it  ·  review of another edition
I wanted to dislike this book because of its borderline-snobbish tone, but Hazlitt nailed it, and thankfully pointed out that there is no rule, no doctrine, no shortcut, no party, no faith that can point us to correct economic conclusions. We simply have to do the work to look at the evidence before understanding the consequences of any policy. As a plaque at NASA is rumored to say, "In God we trust. All others bring data."
Gabriella Hoffman
Jul 28, 2015 Gabriella Hoffman rated it really liked it  ·  review of another edition
Finally got around to reading this. Though it's a bit dense, it was a good and necessary read. Every proponent of free enterprise should read this!
Douglas Wilson
May 19, 2009 Douglas Wilson rated it really liked it  ·  review of another edition
Shelves: politics
Excellent.
Nugraha Raeputranto
5 to 5 star rating. Highly recommended.

- Great book for all disciplines, Henry Hazlitt teaches you to think in the economic science “to see the problem as a whole, and not in the fragments”
- Will not teach alike textbook concepts in micro or macro economics, instead explaining most common economic happenings such as inflation, minimum wage, tariffs and profits
- Explain the common fallacy in those economic events in simple logical reasoning
- Small pages for every chapter but enough to make reader
...more
Dan Walker
Jul 31, 2011 Dan Walker rated it it was amazing  ·  review of another edition
Shelves: economics
This book should be required reading in every econ 101 class in the country. It is written simply so that anyone can understand the concepts presented. And yet it provides a powerful antidote to the economic lies we are subjected to on a daily basis by unions, our political leaders, and the popular press.



In fact, to me that makes the book depressing. It was written in 1946 and yet we are still suffering under the same economic myths that the book addresses. We are all poorer because as a country
...more
David
Aug 15, 2011 David rated it it was ok  ·  review of another edition
Shelves: read-econbiz
As of this writing, the 1946 first edition of this book, a good introduction to Libertarian thought, is available as a free, 200-page, slow-downloading .pdf file from the URL on the Goodreads page for this book. The link is just below the ISBN and original title (same link here). For a free, but faster-loading, .html version of this book from the same source, readable in any web browser, click here.

However, like an idiot, I paid $9.99 on Amazon. It's the second edition of the book, from 1978, wi
...more
Abrahamus
Sep 14, 2009 Abrahamus rated it it was amazing  ·  review of another edition
Recommends it for: anyone
Economics is one of those topics on which I've intended to get better educated for some time now. The events since the latter half of '08 have definitely bumped that intention up several notches in my list of priorities. The first problem I really had to tackle was figuring out where to start, which is to say, deciding exactly what and whom I should be reading. I knew just enough to determine that pretty much anything from a Keynesian perspective—which, with differences that are in the final ana ...more
Sky
I'm no good at economics, don't get me wrong. But I have to say, this book is really spot-on with what really goes on in the economy. If not for my brilliant economics teacher, I probably wouldn't have loved this book as much as I do. I recommend that anyone who remotely is interested in the lies the government tells us, and what is going to happen to America in the future, then this book is the one to read. It's sad to think that all of the false beliefs Hazlitt mentions in his book, I used to ...more
Igor
Aug 10, 2009 Igor rated it really liked it  ·  review of another edition
"Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to "buy" houses that they cannot really afford. They tend eventually to bring about an oversupply of houses as compared with other things. They temporarily overstimulate building, raise the cost of building for everybody (in ...more
D Scroggy
May 02, 2011 D Scroggy rated it really liked it  ·  review of another edition
In these times of massive government budget deficits ($1.6 TRILLION deficit on $3.8 TRILLION spending for fiscal 2011 alone), when even a few billion dollars of cuts in spending are called “extreme” or “draconian” by those policy makers in Washington whose power base is firmly entrenched in the special interest groups committed to keep those government spending dollars flowing, this book is more of a must read than ever before. A deep understanding of economics can be had by reading this book an ...more
Michael
Dec 28, 2010 Michael rated it really liked it  ·  review of another edition
The economic theory in this book is extremely applicable and easy to understand. The following quote from page 46-47 describes very well the housing and credit crunch we have just seen:
"The case against government-guaranteed loans and mortgages to private businesses and persons is almost as strong as, though less obvious than, the case against direct government loans and mortgages. The advocates of government-guaranteed mortgages also forget that what is being lent is ultimately real capital, w
...more
Adam T Calvert
Jun 01, 2013 Adam T Calvert rated it really liked it  ·  review of another edition
Shelves: economics
This is a very good and timely book. It’s a downright shame that it was written in 1946 and governments around the world have not heeded the simple lesson and practical applications advanced in this work.

It’s divided into three sections:

Part One: The Lesson

With one chapter, “The Lesson” - in which he asserts: “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for o
...more
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Is it true that employers will reinvest all profits in factories, etc.? 2 10 Feb 15, 2015 01:58PM  
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Henry Hazlitt was a libertarian philosopher, an economist, and a journalist for various publications including The Wall Street Journal and The New York Times, and Newsweek. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman, an important libertarian magazine. In 1946 Hazlitt wrote Economics in One Lesson, his seminal text on free market e ...more
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“When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.” 48 likes
“Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. It is the proper sphere of government to create and enforce a framework of law that prohibits force and fraud. But it must refrain from specific economic interventions. Government's main economic function is to encourage and preserve a free market. When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: "Yes, stand a little less between me and the sun." It is what every citizen is entitled to ask of his government.” 19 likes
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