Next, Jeffrey Tucker brings Joseph Salerno, Professor of Economics at Pace University in New York City, into the discussion to cover Chapters 22 and 23. They discuss how a company’s profits are derived and how they function in the overall economy, along with how inflation works. Much of the factual material in these chapters has changed greatly since the mid 1940’s, but the principles that Hazlitt sets forth still work.
- EST. TIME 2 hrs
- POINTS 1000
- 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
- Resources for Further Study
Economics in One Lesson Henry Hazlitt The General Theory of Employment, Interest and Money John Maynard Keynes