In 1946 the price of gasoline was 15 cents a gallon, the average cost of a car was $1,120 and an average house was $5,600 and I wasn’t born. Also in 1946, Economics in One Lesson was published as an economics textbook. A few questions probably come to mind:
- Why read a textbook?
- Why read a book about economics?
- Why read a book written in 1946?
I bought the book because Henry Hazlitt is credited as the author of the Broken Window Fallacy and I was interested in the concepts behind the story. I did not realize that it was a textbook and didn’t expect much as I started to read. It only took a few pages to become immersed in the pages.