{"product_id":"economics-in-two-lessons-why-markets-work-so-well-and-why-they-can-fail-so-badly-9780691217420","title":"Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly","description":"\u003cp\u003e\u003cb\u003eA masterly introduction to the key ideas behind the successes--and failures--of free-market economics\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eSince 1946, Henry Hazlitt's bestselling \u003ci\u003eEconomics in One Lesson\u003c\/i\u003e has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, \"When someone preaches 'Economics in one lesson, ' I advise: Go back for the second lesson.\" In \u003ci\u003eEconomics in Two Lessons\u003c\/i\u003e, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes--and failures--of free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eJohn Quiggin\u003c\/b\u003e is the Laureate Professor in Economics at the University of Queensland in Brisbane, Australia. He is the author of \u003ci\u003eZombie Economics: How Dead Ideas Still Walk among Us\u003c\/i\u003e (Princeton). Twitter @JohnQuiggin\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50442836246802,"sku":"9780691217420","price":22.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_589210fb-4dfd-4e65-a20a-996b1fcb72e0.jpg?v=1729672214","url":"https:\/\/surprise-castle.myshopify.com\/products\/economics-in-two-lessons-why-markets-work-so-well-and-why-they-can-fail-so-badly-9780691217420","provider":"Surprise Castle","version":"1.0","type":"link"}