
Economics in One Lesson
Henry Hazlitt's 1946 book 'Economics in One Lesson' gets a chapter-by-chapter walkthrough from twelve Austrian-school economists at the Mises Institute, each one taking a section and unpacking it for about fifteen to twenty minutes. Walter Block opens with Hazlitt's core lesson, that sound economics means tracing a policy's effects on all groups over the long run, not just its immediate, visible beneficiaries. Thomas DiLorenzo follows with the broken window fallacy, the idea that destroying property does not create wealth even though it creates work for glaziers. Later speakers apply the same lesson to specific policies: Mark Thornton on who tariffs actually protect, George Reisman on minimum wage laws, and Roger Garrison closing on what he calls the assault on saving. Each talk stands alone but builds toward the same argument Hazlitt made: that most economic error comes from looking only at one group and one moment. No slides or reenactments, just economists working through the text at a lectern.