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Economics in Two Lessons|John Quiggin

Economics in Two Lessons : Why Markets Work So Well, and Why They Can Fail So Badly

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Overview

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.

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Details

  • ISBN-13: 9780691217420
  • ISBN-10: 0691217424
  • Publisher: Princeton University Press
  • Publish Date: April 2021
  • Dimensions: 8.4 x 5.6 x 1.6 inches
  • Shipping Weight: 0.8 pounds
  • Page Count: 404

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