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|Economics in One Lesson, by Henry Hazlitt. If you'd like to read a very lucid discussion and explanation of important, yet frequently misunderstood, economic issues such as unemployment, taxes, tariffs, rent controls, unions and the minimum wage, this eye-opening book is for you. It was originally published in 1946 (and last updated in 1979) by Hazlitt, who served as an editorial writer for the New York Times and as a columnist for Newsweek. This timeless and very easy to read book presents a clear distinction between the frequently desirable short-term economic effects and the frequently undesirable long-term effects of many political solutions to economic problems. If there were a prize awarded to the author who dispelled the most economic misperceptions in one book, Hazlitt would certainly be in the running for first place. Throughout its fast-paced chapters, this book provides some of the most cogent and powerful arguments that you'll find for the effectiveness of free and competitive markets. If you read only one book on economics in your life, this should be that book. However, if you read this book, you may well find yourself eager to read others and learn more about economics.||
"It is a brilliant performance. It says precisely the things which most need saying and says them with a rare courage and integrity. I know of no other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time."
F. A. Hayek
"He is one of the few economists in human history who could really write."
H. L. Mencken