Based on the Practical English Composition Books by Edwin Lillie Miller
Book 1
Book 2
Book 3
Book 4
Saturday, May 17, 2014
Economics - High School Level
Resources:
Economics in One Lesson by Henry Hazlitt, (RC#101) HERE
Chapter by Chapter Discussion Videos here.
STUDY Guide HERE
Chapter 1. The Lesson
read ch. 1
Watch Video
Answer the following question in complete sentences.
- Why is it that “economics is haunted by more fallacies than any other study known to man”?
- How does one distinguish between “good” economics and “bad” economics?
- What is Hazlitt’s one sentence statement of “the lesson”? (Memorize this!)
- What are the “two central fallacies” associated with ignoring “the lesson”?
Chapter 2. The Broken Window
read ch. 2
Watch Video
Answer the following question in complete sentences.
- What is the alleged “bright side” of the window being broken?
- Why is the tailor in this story of the broken window “the forgotten man”?
- How has the broken window affected the overall wealth in society?
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