economics in one lesson
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Title: economics in one lesson

Essay Details:

Subject: Book Reports
Author: James S
Date: June 4, 2016
Level: University
Grade: A
Length: 2 / 487

Essay text:

I wish it were better known. His examples vary in quality. Some are a bit dated; natural for a book, which mostly dates to 1946. The chapter on rent control is as relevant today as ever. The discussion of the cost of war and other types of destructive activities punctures a misconception that is still common. In his discussion of unemployment, however, he fails to mention immigration and population growth as part of the cause. The section on tariffs is good as far as it goes. The problem with his analysis is that transportation today is in effect heavily subsidized. Oil companies and the like don't have to pay for the air pollution and climate change caused by their products, or for roads, or for the armies protecting the oil flow...

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