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Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So
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Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly Paperback - 2021

by John Quiggin

From the publisher

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 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.

Details

  • Title Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly
  • Author John Quiggin
  • Binding Paperback
  • Pages 408
  • Volumes 1
  • Language ENG
  • Publisher Princeton University Press
  • Date 2021-04-13
  • Features Bibliography, Index
  • ISBN 9780691217420 / 0691217424
  • Weight 0.8 lbs (0.36 kg)
  • Dimensions 8.4 x 5.6 x 1.6 in (21.34 x 14.22 x 4.06 cm)
  • Library of Congress subjects Capitalism, Economics
  • Library of Congress Catalog Number 2018962708
  • Dewey Decimal Code 330.122

About the author

John Quiggin is the Laureate Professor in Economics at the University of Queensland in Brisbane, Australia. He is the author of Zombie Economics: How Dead Ideas Still Walk among Us (Princeton). Twitter @JohnQuiggin

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Economics in Two Lessons – Why Markets Work So Well, and Why They Can Fail So Badly
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Economics in Two Lessons – Why Markets Work So Well, and Why They Can Fail So Badly

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