Description
| Product ID: | 9780691217420 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | US |
| Title: | Economics in Two Lessons |
| Subtitle: | Why Markets Work So Well, and Why They Can Fail So Badly |
| Authors: | Author: John Quiggin |
| Page Count: | 408 |
| Subjects: | Economics, Economics, Economic theory and philosophy, Macroeconomics, Microeconomics, Economic theory & philosophy, Macroeconomics, Microeconomics |
| Description: | Select Guide Rating A masterly introduction to the key ideas behind the successes—and failures—of free-market economicsSince 1946, Henry Hazlitt’s bestselling Economics in One Lesson has popularized 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. |
| Imprint Name: | Princeton University Press |
| Publisher Name: | Princeton University Press |
| Country of Publication: | GB |
| Publishing Date: | 2021-04-13 |
