Economics in One Lesson

From Henry Hazlitt’s “Economics in One Lesson”:

“… 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://mises.org/story/3000

Comment: “Good economist” has almost become an oxymoron.

Antony Mueller