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The Drive for Exports 73Bad loans and export subsidies are additional examples of theerror of looking only at the immediate effect of a policy on specialgroups, and of not having the patience or intelligence to trace thelong-run effects of the policy on everyone.
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Economics in One Lesson
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viii Economics in One Lessonsubject
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x Economics in One LessonWhen it ca
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xii Economics in One Lessonnow pass
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xiv Economics in One Lessonbe fully
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CHAPTER 1The Lesson1Economics is ha
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The Lesson 5policies may become evi
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The Lesson 7are illustrated by exam
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CHAPTER 2The Broken WindowLet us be
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CHAPTER 3The Blessings of Destructi
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The Blessings of Destruction 15beca
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CHAPTER 4Public Works Mean Taxes1Th
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Public Works Mean Taxes 19absolutel
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Public Works Mean Taxes 21a lump su
Page 38 and 39: CHAPTER 5Taxes Discourage Productio
Page 40 and 41: CHAPTER 6Credit Diverts Production1
Page 42 and 43: Credit Diverts Production 27whole c
Page 44 and 45: Credit Diverts Production 29a chari
Page 46 and 47: Credit Diverts Production 31The pri
Page 48 and 49: CHAPTER 7The Curse of Machinery1Amo
Page 50 and 51: The Curse of Machinery 35If the rea
Page 52 and 53: The Curse of Machinery 37Mr. Edward
Page 54 and 55: The Curse of Machinery 39long run t
Page 56 and 57: The Curse of Machinery 41argued, fo
Page 58: The Curse of Machinery 43Yes, we sh
Page 61 and 62: 46 Economics in One LessonCommittee
Page 63 and 64: 48 Economics in One Lessondo make t
Page 65 and 66: 50 Economics in One Lessonwork coul
Page 67 and 68: 52 Economics in One Lessonthe case
Page 69 and 70: 54 Economics in One Lessonsupport n
Page 71 and 72: 56 Economics in One Lessonconsequen
Page 74 and 75: CHAPTER 11Who’s “Protected” b
Page 76 and 77: Who’s “Protected” by Tariffs?
Page 84 and 85: CHAPTER 12The Drive for ExportsExce
Page 86 and 87: The Drive for Exports 71would think
Page 90 and 91: 1CHAPTER 13“Parity” PricesSpeci
Page 92 and 93: “Parity” Prices 77improved six-
Page 94 and 95: “Parity” Prices 79balance indus
Page 96: “Parity” Prices 81We could solv
Page 99 and 100: 84 Economics in One Lessonwas compe
Page 101 and 102: 86 Economics in One Lessonefficient
Page 104 and 105: CHAPTER 15How the Price System Work
Page 106 and 107: How the Price System Works 91to wor
Page 108 and 109: How the Price System Works 93fly aw
Page 110: How the Price System Works 95trying
Page 113 and 114: 98 Economics in One LessonThere are
Page 115 and 116: 100 Economics in One LessonExcessiv
Page 117 and 118: 102 Economics in One Lessonnothing
Page 120 and 121: CHAPTER 17Government Price-Fixing1W
Page 122 and 123: Government Price-Fixing 107increase
Page 124 and 125: Government Price-Fixing 109Passing
Page 126 and 127: Government Price-Fixing 111effect,
Page 128: Government Price-Fixing 113producti
Page 131 and 132: 116 Economics in One Lessonlarger t
Page 133 and 134: 118 Economics in One Lessonexample,
Page 136 and 137: CHAPTER 19Do Unions Really Raise Wa
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Do Unions Really Raise Wages? 123On
Page 140 and 141:
Do Unions Really Raise Wages? 125pr
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Do Unions Really Raise Wages? 127ca
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Do Unions Really Raise Wages? 129no
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Do Unions Really Raise Wages? 131Th
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134 Economics in One LessonThe doct
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136 Economics in One Lessonif monet
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138 Economics in One Lessonotherwis
Page 156 and 157:
CHAPTER 21The Function of ProfitsTh
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The Function of Profits 143make it,
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CHAPTER 22The Mirage of Inflation1I
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The Mirage of Inflation 147once; on
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The Mirage of Inflation 149lead mer
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The Mirage of Inflation 151the over
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The Mirage of Inflation 153sophisti
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The Mirage of Inflation 1556And thi
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The Mirage of Inflation 157will be
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160 Economics in One Lessonand the
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162 Economics in One Lesson“Savin
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164 Economics in One Lessonon the e
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166 Economics in One Lessoneach yea
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168 Economics in One Lessoneach oth
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170 Economics in One Lessonof capit
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Part Three: The Lesson Restated
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176 Economics in One Lessonanswer a
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178 Economics in One Lessonto creat
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180 Economics in One LessonThis doe
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182 Economics in One Lessontemporar
Page 200 and 201:
IndexAmerican AAA plan, 79American
Page 202 and 203:
Index 187interest rates and savings
Page 204:
Index 189wage laws, viii-ix, 115-19
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