A couple of years ago, I was driving and listening to one of the founders of Real Clear Politics being interviewed on talk radio.
He was asked to pick just one book that would revolutionize the understanding of economics in this country (in other words, turn the tide completely away from the standard, government-issued Marxist crap taught in schools these days) and here it is:
The Foundation for Economic Education presents:
Henry Hazlitt's 1946 ECONOMICS IN ONE LESSION
PREFACE: This book is an analysis of economic fallacies that are at last so
prevalent that they have almost become a new orthodoxy. The one thing
that has prevented this has been their own self-contradictions, which
have scattered those who accept the same premises into a hundred
different “schools,” for the simple reason that it is impossible in
matters touching practical life to be consistently wrong. But the
difference between one new school and another is merely that one group
wakes up earlier than another to the absurdities to which its false
premises are driving it, and becomes at that moment inconsistent by
either unwittingly abandoning its false premises or accepting
conclusions from them less disturbing or fantastic than those that logic
would demand.
There is not a major government in the world at this moment, however,
whose economic policies are not influenced if they are not almost
wholly determined by acceptance of some of these fallacies. Perhaps the
shortest and surest way to an understanding of economics is through a
dissection of such errors, and particularly of the central error from
which they stem. That is the assumption of this volume and of its
somewhat ambitious and belligerent title. . .
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