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

This book offers a simple and clearly-stated counter-argument to Henry Hazlitt's classic text, Economics in One Lesson (1946), arguing that markets sometimes need to be corrected by governments to achieve the best outcomes for society as a whole.

Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work—and what to do when they don’t.