Read this before having an opinion on economics - page 15.

NghtRppr

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Quote from: da2ce7 on April 18, 2011, 06:15:48 AM

A short essay around 10 pages long is the most that anyone has time for.

That's perfectly fine. It's not a crime to remain ignorant of economics. However, these people that can't be bothered to educate themselves have no business opining on economic issues. They can't have it both ways.

"I'm too busy to read but here's my stupid uneducated opinion."

da2ce7

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Live and Let Live

Quote from: NghtRppr on April 18, 2011, 05:19:44 AM

Quote from: da2ce7 on April 18, 2011, 05:13:21 AM

'It's brief' my ass

Maybe this is more your speed. Grin

Look, If I asked my friends to read Economics in One Lesson, they would go 'what do you think I am? somebody with spare time?'

A short essay around 10 pages long is the most that anyone has time for. It needs to have graphs and diagrams to explain some of the more complex features, not just large blocks of text.

NghtRppr

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Quote from: Grinder on April 18, 2011, 06:02:46 AM

Unfortunately this book is about as valuable as a teaching book for economics as Das Kapital. If what it says is in line with what you already wanted to believe, you'll love it. If not it's just political propaganda.

I disagree. Most people understand the broken window fallacy. This book shows them how that same reasoning applies to other things like price controls, protective tariffs, minimum wage laws, rent control, etc. If you understand the broken window fallacy, you'll be forced to agree with the other arguments presented. It's taking something that people implicitly believe and making it explicit. That's the most powerful educational tool there is.

Of course, that requires intellectual honesty. If people are just being closed-minded then your analysis holds.

Grinder

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Unfortunately this book is about as valuable as a teaching book for economics as Das Kapital. If what it says is in line with what you already wanted to believe, you'll love it. If not it's just political propaganda.

NghtRppr

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Quote from: goatpig on April 18, 2011, 03:00:45 AM

Do you have something against IP?

Intellectual property laws are incompatible with Libertarianism.

Quote from: da2ce7 on April 18, 2011, 05:13:21 AM

'It's brief' my ass

Maybe this is more your speed. Grin

da2ce7

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Live and Let Live

Quote from: NghtRppr on April 17, 2011, 05:40:00 PM

Economics in One Lesson: http://www.hacer.org/pdf/Hazlitt00.pdf

It's a great read. It's brief. It doesn't go into a lot of technical detail but it does illustrate a central fallacy that many people, even some economists, make when thinking about economics. If you haven't read this book, I'm going to assume you're ignorant about economics until proven otherwise.

'It's brief' my ass

benjamindees

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Quote from: Henry Hazlitt

From this aspect, therefore, the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

I can't help but find the premise of this thread to be hilariously ironic.

Quote from: bitcoin2cash

Quote from: benjamindees

Quote from: bitcoin2cash

I can be evicted by the owner of any owned property. If you're on my property and refuse to leave after being asked, you're trespassing. You're the aggressor, not me.

What if you are a child and the owner is your family? Still apply?

Of course it applies. Nobody is forced to care for their children, even with our current system.

goatpig

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Armory Developer

Quote from: kiba on April 17, 2011, 06:24:26 PM

Remember, folks...

Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.

P.S. We need a bitcoin address for mises.org.

Do you have something against IP?

Gluskab

newbie

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Quote from: kiba on April 17, 2011, 06:24:26 PM

Remember, folks...

Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.

P.S. We need a bitcoin address for mises.org.

A bitcoin address for LewRockwell.com would be good as well (guy who founded mises institute).

kiba

legendary

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Remember, folks...

Mises.org's books are free(well, the digital edition at least) thanks to the hardworking anti-intellectual property movement.

P.S. We need a bitcoin address for mises.org.

malditonuke

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Quote from: NghtRppr on April 17, 2011, 05:40:00 PM

Economics in One Lesson: http://www.hacer.org/pdf/Hazlitt00.pdf

It's a great read. It's brief. It doesn't go into a lot of technical detail but it does illustrate a central fallacy that many people, even some economists, make when thinking about economics. If you haven't read this book, I'm going to assume you're ignorant about economics until proven otherwise.

I usually recommend Economics for Real People ( http://mises.org/books/econforrealpeople.pdf )

I think it comes off as less paranoid, even though I agree that One Lesson is sound.

NghtRppr

sr. member

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Elder Crypto God

Economics in One Lesson: http://www.hacer.org/pdf/Hazlitt00.pdf

It's a great read. It's brief. It doesn't go into a lot of technical detail but it does illustrate a central fallacy that many people, even some economists, make when thinking about economics. If you haven't read this book, I'm going to assume you're ignorant about economics until proven otherwise.

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