The shortest and simplest path to understanding economics
Few fields are haunted by as many misconceptions as economics. What is more, these errors are so widespread that they are often regarded as accepted doctrine. Topics such as government interest rate manipulation, saving, inflation, minimum wages, or industry bailouts are more relevant — and more misunderstood — than ever.
That is why it matters to understand what these concepts really mean, how they interact, and what practical consequences (government) interventions produce. Nobody could convey the fundamentals of economics more clearly than Henry Hazlitt. Counted among the great figures of the Austrian School, he is mentioned in the same breath as Mises, Hayek, and Rothbard. His gift for elegant, accessible explanations of economic relationships gave rise to this book. In 24 engaging chapters he shares his comprehensive knowledge — from taxation, through the idea of full employment, to prices and inflation.
The 24 most important rules of economics: a classic of economic thought, now available in German, and every bit as relevant today as at its first publication in 1946.