Description
Temporarily out of stock
Title: Economics in Two Lessons: Why markets work so well & why they can fail so badly
Author: QUIGGIN JOHN
Illustrator: 6 B/W ILLUS. 4 TABLES.
Format: PAPERBACK
Publication date: 01/05/2021
Imprint: PRINCETON UNI PRESS
Price: $33.00
Publishing status: Active
A masterly introduction to the key ideas behind the successes-and failures-of free-market economics.
Since 1946, Henry Hazlitt's bestselling Economics in One Lesson has popularised the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly or what we should do when they stumble.
As Nobel Prize-winning economist Paul Samuelson quipped, 'When someone preaches Economics in one lesson, I advise: Go back for the second lesson.' In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes and failures of free markets.
Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.
ISBN: 9780691217420
Dimension: 216mm X 140mm
Edition: 01