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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

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