Peter Klein is Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri. He joins Tucker to discuss Hazlitt’s Chapters 13 and 14,which examine the fallacies surrounding government’s ability to help with prices and save industries. In the final analysis, they conclude that, while governments continue to try these things, in the long run they only hinder that which they are trying to help.
Course Profile
- EST. TIME 2 hrs
-
SUBJECT
- POINTS 1000
course outline
- Introduction
- The Broken Window and The Blessings of Destruction
- Public Works Mean Taxes and Taxes Discourage Production
- Abundant Credit Diverts Production
- The Curse of Machinery and Spread-the-Work Schemes
- Disbanding Troops and Bureaucrats and The Fetish of Full Employment
- Who's Protected By Tariffs? and The Drive for Exports
- Parity Prices and Saving the X Industry
- How The Price System Works and Stabilizing Commodities
- Minimum Wage Laws and Do Unions Really Raise Wages?
- The Function of Profits and The Mirage of Inflation
- The Assault on Savings
- Summary
- Resources for Further Study
- Survey
- Assessment
Source Attribution
related works
Economics in One Lesson
Henry Hazlitt
The General Theory of Employment, Interest and Money
John Maynard Keynes