Quote by Henry Hazlitt, Economics in One


The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.http://www.jim.com/econ/chap01p1.html


The bad economist sees only what immediately strikes the eye

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