Unintended Consequences in Economics

Thoughts on a Free Market Economy…
“Unintended Consequences in Economics”
By Phyllis Hunsinger
April 1, 2017

Considered among the leading economic thinkers of his time (1894-1993), Henry Hazlitt has been credited as a fundamental influence on supporters of free-market capitalism. He believed the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence:
“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing …

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