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4.8
34 reviewsThis book offers a simple and clearly-stated counter-argument to Henry Hazlitt's classic text, Economics in One Lesson (1946), arguing that markets sometimes need to be corrected by governments to achieve the best outcomes for society as a whole.
Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work—and what to do when they don’t.