pbA masterly introduction to the key ideas behind the successes--and failures--of free-market economicsb pSince 1946, Henry Hazlitt's bestselling iEconomics in One Lessoni has popularized the belief that economics can be boiled down to one simple lesson market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can't explain why they often fail so badly--or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, When someone preaches 'Economics in one lesson, ' I advise Go back for the second lesson. In iEconomics in Two Lessonsi, John Quiggin teaches both lessons, offering a masterly introduction to the key ideas behind the successes--and failures--of free markets. Brilliantly accessible, this book unlocks the essential issues at the heart of any economic question.p