Link – Hazlitt’s ‘Economics in one lesson’

Hazlitt’s ‘Economics in one lesson’ is, I think, an excellent book. It’s very dated material, since it was written shortly after WW2 when the economy was very different than it is now, but it’s one main message remains: “…the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

Long-term thinking….yeah, I’m a fan.

Anyway, here’s an online copy for you to read at your leisure. You may not agree with it, you may think it is simplistic, dated, or biased in some areas, but it does get you to think.

How does this relate to preparedness? Well, first of all, looking at the long term effects of things is definitely in the realm of preparedness. Secondly, understanding why some things in the economy happen the way they do is also a big advantage…forewarned is forearmed, and all that.

I’d be interested in hearing the opinions of those of you who read the whole thing.

6 thoughts on “Link – Hazlitt’s ‘Economics in one lesson’

  1. Kudos to you and anyone else who can successfully make it through ANY economics book. If you can do so without self harming, I salute you.

  2. I was out your way today and found that Axeman South has the 60 serving Wise Food buckets for $99 and PMags for $14.95.

    • Hmm…I’ll have to check that out. I’m pretty heavy with Mountain House at the moment, and my future plans are to add a big bunch of Augasson Farms product but I’ll go check out the Wise stuff. Thanks for the heads up.

      • The Augason farms stuff tends to be unhealthfull. Loads of calories, not much nutrition, and loads of hard-to-pronounce chemicals. They are pretty good, and pretty cheap. We ate a lot of them this summer, while camping. I don’t plan to stock up on thm.

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