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Economics in Two Lessons : Why Markets Work So Well, and Why They Can Fail So...
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Item specifics
- Condition
- ISBN
- 9781982664169
- Publication Year
- 2019
- Format
- Compact Disc
- Language
- English
- Book Title
- Economics in Two Lessons : Why Markets Work So Well, and Why They Can Fail So Badly
- Publisher
- Blackstone Audio, Incorporated
- Genre
- Business & Economics
- Topic
- Decision-Making & Problem Solving, Economics / Macroeconomics, Economics / Theory
About this product
Product Information
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 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 masterful introduction to the key ideas behind the successes-and failures-of free markets. Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work-and what to do when they don't. Brilliantly accessible, Economics in Two Lessons unlocks the essential issues at the heart of any economic question.
Product Identifiers
Publisher
Blackstone Audio, Incorporated
ISBN-10
1982664169
ISBN-13
9781982664169
eBay Product ID (ePID)
7038542806
Product Key Features
Book Title
Economics in Two Lessons : Why Markets Work So Well, and Why They Can Fail So Badly
Format
Compact Disc
Language
English
Topic
Decision-Making & Problem Solving, Economics / Macroeconomics, Economics / Theory
Publication Year
2019
Genre
Business & Economics
Dimensions
Item Length
5.7in
Item Width
5.2in
Additional Product Features
Intended Audience
Trade
Edition Description
Unabridged Edition
Reviews
A brilliant book. People often try to write for readers who know no economics, but they rarely succeed. This book is an exception.
Table of Content
Introduction Lesson One, Part One: The Lesson Lesson One, Part Two: Applications Lesson Two, Part One: Social Opportunity Costs Conclusion
Copyright Date
2019
Dewey Decimal
330.122
Dewey Edition
23
Item description from the seller
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eBay item number:386931773873
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