The art of economics consists in looking not merely at the immediate b…

Henry Hazlitt
36 citations
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. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.13, Crown Business
Death
9

More Author Quotes

The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of … ▶
The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. … ▶
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks … ▶
In practice [monetary management] is merely a high-sounding euphemism for continuous currency debasement. It consists of constant lying in order to support constant swindling. Instead of automatic cu … ▶
If precious metals had been abundant, they would not have been precious. ✨ Henry Hazlitt (1959). The failure of the new economics: an analysis of the Keynesian fallacies

More Author Quotes

Most Cited Authors

The Best Quotes

Most Liked Authors

Curated Author Quotes