Economics in One Lesson

What's wrong with minimum wage laws? Why are tariffs a bad idea? Why are "make-work" programs bad public policy? How does the pricing system work? Each of these questions are answered in free-market economist Henry Hazlitt's popular book, Economics in One Lesson, which is now available online, courtesy of the Foundation for Economic Education.

The Mobile City Council, which is considering capping charges for shuttle and limousine services, might want to read Chapter XVII before their next meeting...it discusses the perils of government price-fixing.

Hat tip: Tyler Cowen at Marginal Revolution.