10 Lessons from the book Economics in One Lesson

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Everything we get, outside of the free gifts of nature, must in some way be paid for.

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What is put into the hands of B cannot be put into the hands of A.

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A little philosophy inclineth men’s minds to atheism, but depth in philosophy bringeth men’s minds about to religion.

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Today is already the tomorrow which the bad economist yesterday urged us to ignore.

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Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in.

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We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.

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Credits: Unsplash