Economics in One Lesson

Often I will make recommendations to kids starting college that if they have to take economics, there is but one book they need to read, Economics in One Lesson, by Henry Hazlitt. I found my copy for 50 cents at the RO Carlson Book and Record shop in Duluth.

The "One Lesson" is this:

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Today I found it online for free.