Written in a style easily accessible to the intelligent layperson, Henry Hazlitt's classic,
Economics in One Lesson, 2d ed. (New York: Crown Publishers, 1979), presents a well-organized and carefully reasoned analysis of the effects of the best-known types of government intervention into the market (
more information). Hazlitt explores the long-run as well as short-run consequences of interventionist policies; moreover, he stresses not only their obvious effects, but also their more subtle unseen effects. In particular, he demonstrates the benefits suppressed by such policies, benefits which are seldom considered because they are never permitted to come into existence and thus can never be perceived directly. For students of this course, Hazlitt's book provides an excellent supplement to the entire subsection on "Government and the Marketplace."