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Image for Economics in two lessons  : why markets work so well, and why they can fail so badly

Economics in two lessons : why markets work so well, and why they can fail so badly

By: Quiggin, John

0691217424 / 9780691217420
Paperback
13/04/2021
12 in stock Need More ?
United States
22 cm 408 pages : illustrations (black and white)
Professional & Vocational  Learn More Tertiary Education (US: College)

A masterly introduction to the key ideas behind the successes-and failures-of free-market economicsSince 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything.

But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly-or what we should do when they stumble.

As Nobel Prize-winning economist Paul Samuelson quipped, "When someone preaches 'Economics in one lesson,' I advise: Go back for the second lesson." In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes-and failures-of free markets.

Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.

BIC:

KC Economics, KCA Economic theory & philosophy, KCB Macroeconomics, KCC Microeconomics

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