"Economics in One Lesson" by Henry Hazlitt is a foundational book that simplifies complex economic principles. Hazlitt emphasizes the importance of understanding the long-term effects of economic policies rather than just the immediate consequences. He argues that many policies appear beneficial at first glance, but they can lead to negative outcomes when viewed from a broader perspective. The book is structured to address common fallacies in economic thinking, illustrating how these misconceptions can lead...
