ENGLISH

Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly

By John Quiggin

Book information

Publisher
Princeton University Press
Year
2019
ISBN
9780691186108
DOI
10.1515/9780691186108
Language
english
Format
PDF
Filesize
2 MB (1630552 bytes)
Pages
408\404
Library
degruyter.com
Time added
2023-08-25 04:05:35

Description

This book offers a simple and clearly-stated counter-argument to Henry Hazlitt's classic text, Economics in One Lesson (1946), arguing that markets sometimes need to be corrected by governments to achieve the best outcomes for society as a whole. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work—and what to do when they don’t.

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