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Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly John Quiggin Princeton: Princeton University Press, 2019 xii + 390 pp. Abstract: John Quiggin’s Economics in Two Lessons alleges a failing in Henry Hazlitt’s Economics in One Lesson: the absence of a discussion of market failure. Quiggin’s adherence to the doctrine of neoclassical equilibrium misses an important fact: the absence of a neoclassical equilibrium is not a recession, but...
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