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I recently read "Economics in One Lesson" by Henry Hazlitt [1], and I highly recommend it for anyone who wants a foundational understanding of economics. "One Lesson" is meant as a claim that the book is pure "signal." And it is.

Even more terse and incisive is the 150 year old essay that inspired Hazlitt to write his book, Frédéric Bastiat's "What is Seen and What is Not Seen." [2] It's uncanny how well this essay holds up today.

[1] https://en.wikipedia.org/wiki/Economics_in_One_Lesson

[2] http://www.econlib.org/library/Bastiat/basEss1.html

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