Economics in Two Lessons - Why Markets Work So Well, and Why They Can Fail So Badly (Paperback)

A masterly 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 Nobel Prize-winning economist Paul Samuelson quipped, "When someone preaches 'Economics in one lesson,' I advise: Go back for the second lesson." In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes-and failures-of free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.

General

Imprint:	Princeton University Press
Country of origin:	United States
Release date:	April 2021
Authors:	John Quiggin
Dimensions:	216 x 140 x 30mm (L x W x T)
Format:	Paperback - Trade
Pages:	408
ISBN-13:	978-0-691-21742-0
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > Microeconomics > General Promotions
LSN:	0-691-21742-4
Barcode:	9780691217420

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