"Despite his lack of formal academic training, Hazlitt showed a deep interest in the field of economics, which led him to write several books on the topic. In 1946, he published one of the best introductory texts on economics ever written: Economics in One Lesson.
Following the steps of the 19th-century French economist Frédéric Bastiat, Hazlitt pointed out that short-sighted economic policies aimed at satisfying the claims of particular groups inevitably end up reducing the welfare of the majority of the population. In his own words,"
Following the steps of the 19th-century French economist Frédéric Bastiat, Hazlitt pointed out that short-sighted economic policies aimed at satisfying the claims of particular groups inevitably end up reducing the welfare of the majority of the population. In his own words,"
“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.”
"Economics in One Lesson is a magnificent rebuttal of popular economic fallacies deeply embedded in the political discourse of his time. By means of a very accessible language aimed at the general public, Hazlitt discusses, dissects, and debunks 22 economic sophisms like the idea that technological advances destroy employment or the myth that price ceilings are beneficial for consumers. All fallacies examined in Economics in One Lesson are still present in today’s political debate. Yet there are some that are especially relevant for their implications on the long-term welfare of societies. Here are three of them: ... "
https://fee.org/articles/3-economic-fallacies-that-just-won-t-die/
https://fee.org/articles/3-economic-fallacies-that-just-won-t-die/