Economics In One Lesson: The Shortest And Sures... -

Hazlitt illustrates his central lesson through the famous :

This view only sees the visible benefit to the glazier. It ignores the unseen loss to the baker. If the baker hadn't spent $250 on a window, he might have bought a new suit. The tailor would have had $250 in work, and the community would have had both a window and a suit. Instead, the community has merely replaced a window it already had, resulting in a net loss of wealth. Key Themes & Fallacies Economics in One Lesson: The Shortest and Sures...

Hazlitt applies this "unseen" logic to various government interventions to expose common economic myths: Hazlitt illustrates his central lesson through the famous