Henry Hazlitt's Arguments

Abstract: This 5 page paper discusses three of the concepts Hazlitt puts forth in his classic Economics in One Lesson: the Broken Window fallacy; Blessings of Destruction and Public Works Promotes Taxes. The Blessings of Destruction is an extension of the Broken Windows fallacy. Hazlitt's general theme is that people fail to look beyond the immediate effects of any economic policy. People tend to see only what is clearly visible to their own eyes; they need to extend their thinking. Each of these concepts are explained with examples. Bibliography lists 1 source.

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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