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Economics in One Lesson

Twenty-Four-Lesson Contents

Henry Hazlitt’s book teaches one method: trace the longer effects of a policy for all groups, not only its immediate effects for one visible group. The reader follows the book’s 24 numbered chapters, using each chapter as one lesson.

Lesson	Chapter	Part	Original pages
1	The Lesson	The Lesson	3–7
2	The Broken Window	The Lesson Applied	11–12
3	The Blessings of Destruction	The Lesson Applied	13–16
4	Public Works Mean Taxes	The Lesson Applied	17–22
5	Taxes Discourage Production	The Lesson Applied	23–24
6	Credit Diverts Production	The Lesson Applied	25–32
7	The Curse of Machinery	The Lesson Applied	33–44
8	Spread-the-Work Schemes	The Lesson Applied	45–50
9	Disbanding Troops and Bureaucrats	The Lesson Applied	51–54
10	The Fetish of Full Employment	The Lesson Applied	55–58
11	Who’s “Protected” by Tariffs?	The Lesson Applied	59–68
12	The Drive for Exports	The Lesson Applied	69–74
13	“Parity” Prices	The Lesson Applied	75–82
14	Saving the X Industry	The Lesson Applied	83–88
15	How the Price System Works	The Lesson Applied	89–96
16	“Stabilizing” Commodities	The Lesson Applied	97–104
17	Government Price-Fixing	The Lesson Applied	105–114
18	Minimum Wage Laws	The Lesson Applied	115–120
19	Do Unions Really Raise Wages?	The Lesson Applied	121–132
20	“Enough to Buy Back the Product”	The Lesson Applied	133–140
21	The Function of Profits	The Lesson Applied	141–144
22	The Mirage of Inflation	The Lesson Applied	145–158
23	The Assault on Saving	The Lesson Applied	159–172
24	The Lesson Restated	The Lesson Restated	175–183

Edition scope

This reader includes Hazlitt’s 24 numbered chapters. Walter Block’s 2007 introduction, Hazlitt’s preface, the index, donor pages, and other front and back matter are not reproduced as lessons.