Category Archives: Economics in One Lesson

The Blessings of Destruction

Posted on February 29, 2012 by Andy Frith

Better late than never, I’ve got round to the next in the series based on Hazlitt’s book, Economics in One Lesson. In the previous post, I looked at the broken window fallacy, which underpins the whole book. Today, I’ll focus … Continue reading →

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More of the usual nonsense on HS2

Posted on January 6, 2012 by Andy Frith

The letter, which says up to one million British jobs could be created, states: “Economic studies show that effective modes of transport, including high-speed rail, enable entrepreneurs to get their goods and services to market in a secure and timely … Continue reading →

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Spending, saving and the broken window fallacy

Posted on November 21, 2011 by Andy Frith

I recently posted about Henry Hazlitt’s classic Economics in One Lesson, which is essentially an application of the broken window fallacy to many areas of economics. Before continuing in the series on this book, I thought it would be useful … Continue reading →

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Hazlitt’s Economics in One Lesson: The Broken Window

Posted on November 5, 2011 by Andy Frith

This is the first in a series based on Henry Hazlitt’s Economics in One Lesson, a book originally published in 1946 which beautifully explains so much of economics from one very simple idea: Therefore, the whole of economics can be reduced to … Continue reading →

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