Learning Economics

Thursday, September 16th, 2004

I’ve heard Learning Economics (by Arnold Kling) described as the next Economics in One Lesson (by Henry Hazlitt). The opening paragraph of the author’s introduction gives a taste:

Each year, thousands of people study economics, but not many learn it. Most of them leave their economics courses ignorant of important basic facts, such as the differences in the standard of living over time and across countries, as well as basic economic principles, such as the way that a global oil market renders meaningless the notion of “energy independence.”

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