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Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
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Economics in One Less - Henry Hazlitt
It would be far better, if that were the choice—which it isn’t—to have maximum production with part of the population supported in idleness by undisguised relief than to provide “full employment”
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Some of Locke’s opinions are so odd that I cannot see how to make them sound sensible. He says that a man must not have so many plums that they are bound to go bad before he and his family can eat them; but he may have as much gold and as many diamonds as he can lawfully get, because gold and diamonds do not go bad. It does not occur to him that th
... See moreBertrand Russell • History of Western Philosophy
Logic requires that people find universal laws, but outside of scientific fields and once human psychology has a role to play, it is perfectly possible for behavior to become contradictory. A tax rise can cause you to work less because the returns of your labor are lower, or work harder to maintain your present level of disposable wealth. There are... See more
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
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