Economics in one lesson

The lesson

The broken window

The blessings of destruction

Public works mean taxes

Taxes discourage production

Credit diverts production

The curse of machinery

Spread-the-work schemes

Disbanding troops and bureaucrats

The fetish of full employment

Who's "protected" by tariffs?

The drive for exports

"Parity" prices

Saving the X industry

How the price system works

"Stabilizing" commodities

Government price-fixing

What rent control does

Minimum wage laws

Do unions really raise wages?

"Enough to buy back the product"

The function of profits

The mirage of inflation

The assault on saving

The lesson restated