Oct 27, 09
Read in September, 2009
A phenomenal synopsis in economic thought. This is a book that everyone ought to read as informed citizens, allowing us all to make wiser economic decisions versus voting for what "sounds" good. Hazlitt writes so all will understand and does a fantastic job at it. That doesn't mean it is the most exciting thing you've ever read, however. It can be a little dry but remains understandable and clear. Hazlitt's examples illuminate economic concepts better than most. He is not distracted by the complexity generated by many economists of a discipline that should not be so. This tends to be the issue of many academics and can be seen in the economic learning process. As you advance through economic theory, simple concepts are often discredited and replaced with complex ones creating substantial contradictions. Hazlitt's observations continue to be relevant 30+ years after the latest edition of this book. We haven't learned much, apparently. This is one lesson everyone should read.