A Raw, Uncut Straight The Point View On Economics Essay

1766 Words Jul 12th, 2016 null Page
In a raw, uncut straight the point view on economics Author Henry Hazlitt book Economics in one lesson points out the fallacies of the current economic state of the country. Mr. Hazlitt describes multiple down coming of government involvement in the economy and how these down coming affect the overall health of the economy. Drilling down into each chapter and subject giving further explanation of the overlooked problems of the economy. The art of economics, the broken window, Public works mean taxes, the curse of machinery, Disbanding troops and bureaucrats, “Stabilizing” commodities, and the assault on saving will be further examined through the book report.
Taking an in-depth look at how “The Art of economics” have economist taking sides on how the economy should be run. The author states that “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.” PG 17 Simply said economics has many levels. Not just the immediate effect of the change, but also the long term affect.
For example rent control, the rent controlled at 800, yet the previous rent was 1200 this will cause a surplus in the rental industry. Landlords not being able to charge 800 and cover all their cost will leave apartments unrented. Yes, people who can only afford 800 will have housing solving the immediate problem. The longer effect on landlords…

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