quotes tagged with 'longterm'

The whole argument of this book may be summed up in the statement that in studying the effects of any given economic proposal we must trace not merely the immediate results but the results in the long run, not merely the primary consequences but the secondary consequences, and not merely the effects on some special group but the effects on everyone.

Author: Henry Hazlitt, Source: Economics in One Lesson, (c) Henry Hazlitt 1962, page 103, Three Rivers PressSaved by ImaWriterIII in economics henryhazlitt longterm effects 9 years ago[save this] [permalink]

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