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Economics In One Lesson




The "One Lesson" is stated in Part One of the book:
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.


Part Two consists of twenty-five chapters, each demonstrating the lesson by tracing the effects of one common economic belief, and showing it to be a Fallacy .


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