Monday , January 27 2020
Home / Tag Archives: Economics in Two Lessons

Tag Archives: Economics in Two Lessons

Economics isn’t as highfalutin’ as the jargon makes it sound

Ross Gittins has a very nice piece in the SMH today, with some kind words about Economics in Two Lessons which he recommends as “the best book to introduce you to economics”. Ross says that the crucial concepts in economics are: Opportunity cost (of course!), the Invisible Hand (roughly, my Lesson One), imperfect competition, market failure and externalities (the microeconomic component of my Lesson Two). His final para gives the lie to those who imagine economists oppose action...

Read More »

The opportunity cost of destruction

With much of Australia suffering catastrophic fires and the beginning of a new war with Iran, lots of people are thinking about the idea that such disasters are good for the economy, because of the work generated in rebuilding homes, producing war materials and so on.  In my book Economics in Two Lessons, I explain why this is wrong (this is one point where I agree with Henry Hazlitt’s Economics in One Lesson. Here’s a link to  Chapter 6: The opportunity cost of destruction US President...

Read More »

The third lesson?

Another review of Economics in Two Lessons has come out. It’s by David Henderson and appears in Regulation, published by the Cato Institute (link to PDF). There’s a blog post with extracts here. Unsurprisingly, given the source, it’s mainly critical of the analysis, but still has some kind words about the book. This para gives the flavour Quiggin is a good writer who lays out much of the economics well. His analysis of rent control and price controls in general is a thing of...

Read More »

Economics in Two Lessons, reviewed

A couple of reviews of Economics in Two Lessons have come out, from opposite ends of the political spectrum. The more interesting is Max Sawicky’s in Jacobin. Sawicky does a great job in summarising the key ideas in the book. His is probably the best review so far for non-economists to get an understanding of the main themes. Given the Jacobin audience, the key question is “Why should a socialist read a book about markets?” As Sawicky observes, the answer is easy for socialists...

Read More »

Economics in Two Lessons, by Captain Haddock?

Last week, I did a couple of events in Melbourne for Economics in Two Lessons. One was at Readings in Hawthorn, where my old friend and colleague Al Watson kindly introduced me. The other was at the University of Melbourne, organized by the Australian Agricultural and Resource Economics Society, of which I’ve been a member for 40 years now. Max Corden, Australia’s greatest living economist, was going to give the talk there, but was unfortunately taken ill. Another old friend and...

Read More »

Book launch in Melbourne (please plug!)

The Melbourne launch for Economics in Two Lessons, will be at Readings Hawthorn Wednesday 17 July and also at University House, Melbourne Uni, 4-6 pm Friday 19 July. Free, no booking required. It looks as if there have been some problems with the publicity, so if anyone can share this with Melbourne friends likely to be interested, I’d be very grateful. Like this:Like Loading...

Read More »

Gleebooks Tomorrow

I’ll be doing the Sydney launch of my new book, Economics in Two Lessons at Gleebooks tomorrow (Thursday 27 June). I’ll be talking to the always insightful Peter Martin, so it should be a great event. Details here. Last night’s Brisbane launch, at Avid Reader with Paul Barclay (ABC Radio, Big Ideas) was very successful Less empty space than at Trump’s inauguration!Share this:Like this:Like Loading...

Read More »

Radio appearances

I’m doing a run of radio interviews this week, including A discussion of Economics In Two Lessons with Nick Rheinburger, morning presenter for ABC IllawarraA talk about the history of Australian farming, with Annabelle Quince of Rear Vision, the history program on ABC RNA discussion of the resurgence of socialism with Tom Switzer on ABC RN Between The LinesThe first interview should go to air on Thursday morning. I’m not sure about the other two Share this:Like this:Like Loading......

Read More »