Economics in Two Lessons

by John Quiggin

“If you understand opportunity cost—that the price of something really is what you have to give up to get it—you’re further along than the vast majority of economics graduates and quite a few professional economists” —John Quiggin.

In 1946, a book appeared called Economics in One Lesson by American journalist Henry Hazlitt. It’s been in print ever since, and sold more than one million copies. Economics in Two Lessons is Australian economist John Quiggin’s effort to explain what economics is about from a 21st century perspective. Hazlitt’s one lesson, Quiggin argues, did not give the whole picture, “So, we need Economics in Two Lessons.”

A highly respected academic economist, John Quiggin recommended the Best Books for Learning Economics for us.