Faculty members at Mises University 2008 sat down with Jeff Tucker to discuss Henry Hazlitt’s classic Economics in One Lesson. Each professor covered a particular chapter or chapters. The result is this series of twelve videos, viewable online.
It’s all in honor of the Institute’s beautiful new edition of the book, featuring an introduction by Walter Block.
They are also available on the Mises Institute Youtube channel, for example:
{ 6 comments }
The whole series on “Economics in one Lesson” is truely a great gift. Hazlitt´s gift of easily observing and exposing unforseen consequences of interfering in the free market makes his works atemporal (particularly “credit diverts production” is very current, given the current market conditions). Thank all of you who participated for the effort!
You should remarket this collection of videos as “The Austrian Version of Free to Choose”.
I love Fephisto’s observation!!
Although the new LVMI edition is of the original edition, this statement of Hazlitt’s from his 3rd edition in 1979 has rung such a strong resonance these last several months:
“Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general tax payer to subsidize the bad risks and to defray the losses. They encourage people to “buy” houses that they cannot really afford. They tend eventually to bring about an oversupply of houses as compared with other things. They temporarily overstimulate building, raise the cost of building for everybody (including the buyers of the homes with the guaranteed mortgages), and may mislead the building industry into an eventually costly overexpansion. In brief, in the long run they do not increase overall national production but encourage malinvestment.”
Thanks to the Mises Institute for this wonderful series. It is always great to hear Roger Garrison as he calmly and with dignity opens our minds about capital and its origin.
There are many, many great contributors to classical liberalism and the Mises Institute continues to make their works and wisdom available worldwide.
We are indebted to the Mises Institute as is the whole civilized world (little do they know it!).
hi, this is daniel north.
—————————
Classic Mortgages
Daniel North
Thanks to the Mises Institute for this wonderful series. It is always great to hear Roger Garrison as he calmly and with dignity opens our minds about capital and its origin.
There are many, many great contributors to classical liberalism and the Mises Institute continues to make their works and wisdom available worldwide.
We are indebted to the Mises Institute as is the whole civilized world (little do they know it!).
Read more: New Thoughts on a Great Classic — Mises Economics Blog http://blog.mises.org/8761/new-thoughts-on-a-great-classic/comment-page-1/#comment-690174#ixzz0ogwnCwTT
————————
Classic Mortgages
Daniel North
Comments on this entry are closed.