Binding: Paperback
Description: 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.
Title: Economics In Two Lessons Why Markets Work So Well And Why They Can Fail So Badly
Author(s): Quiggin John
Publisher: Princeton University Press
Barcode: 9780691217420
Pages: 408 Pages, 6 B/W Illus. 4 Tables.
Publication Date: 4/13/2021
Category: Microeconomics