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Welcome to EiOLit21C!

Welcome to Economics in One Lesson in the 21st Century! The aim is to show the average person who hasn’t studied economics a simple way to know when they’re being deceived by politicians, economists or activists.

It follows the structure of Henry Hazlitt’s Economics in One Lesson (1946): start with a simple one-sentence lesson, and then apply it to a variety of questions which you might wonder about, or hear discussed in the news.

I’ll be publishing one 2-5 minute article per week (on Friday morning), and occasionally supplementing it with a bonus article.

Introductory articles

To get started, I recommend reading the following posts (especially 4 and 5):

1. Introduction and Plan of the Work (2 min)

2. The One Lesson (3 min)

3. Debts (4 min)

4. Raw Net Worth (3 min)

5. The 7 Economic Actions (4 min)

Other articles — by topic

For more articles, grouped by topic, see here.

Feedback request

I’d be delighted to hear any feedback you have, either positive or negative, or any questions: comments on the articles are probably the best place. If you want to contact me privately, you can find me on X (formerly Twitter): Economics21st