New Meetup: Economics Discussion Group

From: Rachel H.
Sent on: Monday, February 9, 2009 8:36 PM
Announcing a new Meetup for The Seattle Libertarians!

What: Economics Discussion Group

When: February 11,[masked]:00 PM


Meetup Description: We will start reading Henry Hazlitt's Economics in One Lesson next week. The book is available for free online. You can also buy a physical copy at bookstores like Amazon. The Mises Institute has a profile of Hazlitt.

Economist Walter Block on why he loves Economics in One Lesson :

Writing this introduction is a labor of love for me. You know how women sometimes say to each other "This dress is you!"? Well, this book is me! This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring. Did I mention boring? In sharp contrast, Economics in One Lesson grabbed me by the neck and never ever let me go.

There is nothing that pleases a teacher more than when that expression of understanding lights up a student's face. The cartoons depict this phenomenon in the form of a light bulb appearing right above the depiction of the character. Well, let me tell you: I have gotten more "ahas" out of introductory students who have read this book than from any other. I warrant that there have been more conversions to the free-market philosophy from this one economics book than, perhaps, from all others put together. It is just that stupendous.

For next week, please review the lesson. Please read the lesson applied to any two of the four chapters listed below (chapters 2-5). I also suggest the following activities for each chapter:
1. Summarize the application of the lesson in a couple short sentences.
2. Find a phrase, sentence or paragraph from this chapter you may wish to quote later.
3. Focus on a part of the lesson that created the strongest reaction in you. Form a statement that best conveys this reaction to others.
4. Focus on a part of the lesson that confused you or with which you disagree. Try and form a lucid question that will help further your understanding.

If you have time, may I also suggest you bring in a news article, opinion column or blog post of personal interest. We will attempt to apply the lesson to the data presented in the piece.

o 1. The Lesson
o 2. The Broken Window
o 3. The Blessings of Destruction
o 4. Public Works Mean Taxes
o 5. Taxes Discourage Production

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