Read Part One of “Economics In One Lesson” by Henry Hazlitt and write an essay that
applies the lesson to analyze a real world issue. Hazlitt’s book is free online at:
http://www.fee.org/pdf/books/Economics_in_one_lesson.pdf. Apart from the book, you
should have at least 3 other references as well.
This is an essay that requires you to demonstrate a critical understanding of Hazlitt’s theory
and how he applies it to real world examples. You are required to read part two of the book
to see how Hazlitt applied the lesson to issues of his time. Follow Hazlitt’s model and
analyze a current issue of your choosing.