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With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
Frédéric Bastiat was the author of many works on economics and political economy, generally characterized by their clear organization, forceful argumentation, and acerbic wit.Among his better known works is "Economic Sophisms", which contains many strongly worded attacks on statist policies. Contained within "Economic Sophisms" is the famous satirical parable known as the "Candlemakers' petition" which presents itself as a demand from the candlemakers' guild to the French government, asking the government to block out the Sun to prevent its unfair competition with their products. Bastiat's argument cleverly highlights basic flaws in protectionism by demonstrating its absurdity through logical extremes.This edition of "Economic Sophisms" is an adaptation of "Sophismes Économiques" by Emile Walter, specifically designed for the American reader.Contents:IntroductionPlenty And ScarcityObstacles To Wealth And Causes Of WealthEffort-ResultEqualizing Of The Facilities Of ProductionOur Productions Are Overloaded With Internal TaxesBalance Of TradeCandlemakers' PetitionDiscriminating DutiesA Wonderful DiscoveryReciprocityAbsolute PricesDoes Protection Raise The Rate Of Wages?Theory And PracticeConflict Of PrinciplesReciprocity AgainObstructed Rivers Plead For The ProhibitionistsA Negative RailroadThere Are No Absolute PrinciplesNational IndependenceHuman Labor-National LaborRaw MaterialMetaphorsEinstein Books' edition of "Economic Sophisms" includes supplementary texts:* Essays On Political Economy"Essays On Political Economy" includes many of Bastiat's most important works, such as "The Law", "The Broken Window", and "That Which Is Seen, and That Which Is Not Seen".Contents:Capital and InterestThe Sack of CornThe HouseThe PlaneThat Which Is Seen, and That Which Is Not SeenI. The Broken WindowII. The Disbanding of TroopsIII. TaxesIV. Theatres, Fine ArtsV. Public WorksVI. The IntermediatesVII. RestrictionsVIII. MachineryIX. CreditX. AlgeriaXI. Frugality and LuxuryXII. He Who Has a Right to Work Has a Right to ProfitGovernmentWhat Is Money?The Law* A Few Quotations Of Frédéric Bastiat
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Experience the timeless wisdom of Frédéric Bastiat's economic masterpiece, "That Which is Seen and That Which is Not Seen." This classic treatise on economic clarity and obscurity, presented with annotations and an insightful introduction by Gary Furnell, author of "The Hardest Path is the Easiest: Exploring the Wisdom Literature with Pascal, Burke, Kierkegaard, and Chesterton," now boasts an additional layer of expertise with an insightful foreword by Peter Fenwick, an expert in the Austrian school of economics. This enhanced edition is now available, featuring Gary Furnell's thoughtful additions that breathe fresh life into this important work, making it accessible to a new generation of readers. "That Which is Seen and That Which is Not Seen" is not your typical economics book; it's both witty and enlightening, defying the conventional descriptors of the genre. Frédéric Bastiat understood the power of delivering insights with a persuasively light tone, avoiding the arcane jargon and prolixity often associated with politicians and treasury officials. In economics, as in philosophy, clarity is courtesy, and Bastiat's approach emphasizes plain speech and easily understood examples. His enduring precepts, relevant today as they were one hundred and seventy years ago, encourage readers to foresee the consequences of economic decisions. Reading this classic treatise is not just an exploration of economic principles but also a valuable habit that trains us to anticipate and understand the far-reaching effects of our choices. "That Which is Seen and That Which is Not Seen" is a timeless work that seamlessly combines brevity, levity, and depth. Bastiat's insights remain as impactful and pertinent today as they were during his assessment of the French government's policies and actions in the past. Embrace the opportunity to delve into this enduring masterpiece, enriched by an insightful foreword from Peter Fenwick, and gain valuable insights into economic clarity and foresight.