Economics in three lessons & one hundred economic laws Cover Image

Book

Economics in three lessons & one hundred economic laws / Hunter Lewis.

Summary:

Henry Hazlitt's 1946 book Economics in One Lesson sold more than a million copies. It is perhaps the best selling economics book of all time. In this volume, Hunter Lewis, a Hazlitt admirer and student, provides a sequel and update. The great merit of this volume is its simplicity. Anyone can read and understand it. It is an ideal introduction to economics. It collects in one place some of the most important laws of economics. Everyone understands the importance of the laws of physics. Are there also laws of economics? Can understanding them also make our lives better? This volume answers with a resounding yes. --|cPublisher's description.

Record details

ISBN: 9781604191141
ISBN: 1604191147
Physical Description: xv, 403 pages ; 21 cm
Publisher: Edinburg, VA : Axios Press, [2017]

Content descriptions

Bibliography, etc. Note:

Includes bibliographical references and index.

Formatted Contents Note:

Economics in Three Lessons. Lesson one: Sustainability. Henry Hazlitt's invaluable insight -- Lesson two: The free price system. The central role played by free prices -- What prices do for us -- The role of profits in driving down prices -- Who are the bosses in a free price system? -- "Spontaneous order" from free prices -- The essential role of loss and bankruptcy -- What about inequality? -- Why greed is not "good" in a free price system -- Lesson three: Enemies of the free price system. Crony capitalism -- Laissez-Faire contra the Cronies -- Today's Crony capitalism -- The Crony capitalist conundrum -- The progressive paradox -- Where does this leave the poor? -- How the Fed fits in -- The Fed's conflict of interest -- Who exactly is feeding off the Fed? -- Keynes's General Theory: the Crony bible -- Saying goodbye to Crony capitalism.

One Hundred Economic Laws. Laws of economic analysis -- Laws of economic sustainability -- Laws of the division of labor -- Laws of prices -- Laws of profits -- Laws of profits and wages -- Laws of economic equality and inequality -- Laws of the division of labor within the free price system -- Laws of economic calculation -- Laws of economic calculation outside business -- Economic law of government -- Laws of money -- Laws of money prices -- Law of interest rates -- Laws of banking -- Laws of government-controlled banking -- Laws of spending versus saving -- Law of the non-neutrality of money -- Law of the non-neutrality of money, newly created money, "business cycles," and depressions -- Summary laws of economics.