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Post by Cliff's Notes on Mar 2, 2011 9:35:35 GMT -5
I had to read this book in school; and it was simple, elegant, and tremendous. Found a pdf online here: www.fee.org/pdf/books/Economics_in_one_lesson.pdfHere's the paragraph that is the foundation of the entire book, and essentially, the one lesson: "The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
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