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Economics in Two Lessons: Why Markets Work so Well, and Why They Can Fail So Badly
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A masterful 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 popularized 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 Nob...