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Economics in One Lesson: The Shortest and Surest Way to Understand Basic
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Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics Paperback - 1988

by Henry Hazlitt

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Summary

Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

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From the publisher

Over a million copies sold! A fundamental influence on modern libertarianism, this classic guide to the basics of economic theory defends capitalism and the free market from economic myths that persist to this day.

"A magnificent job of theoretical exposition."--Ayn Rand

Considered among the leading economic thinkers of the "Austrian School," which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt wrote Economics in One Lesson in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy.

Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than fifty years after the initial publication of Economics in One Lesson. Hazlitt's focus on non-governmental solutions, strong--and strongly reasoned--anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.

First line

ECONOMICS IS HAUNTED by more fallacies than any other study known to man.

From the jacket flap

A simple, straightforward analysis of economic fallacies that are so prevalent they have almost become a new orthodoxy.

Details

  • Title Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
  • Author Henry Hazlitt
  • Binding Paperback
  • Edition Later Reprint
  • Pages 224
  • Volumes 1
  • Language ENG
  • Publisher Crown Currency, New York, New York, U.s.a.
  • Publication date 1988-12-14
  • Features Bibliography, Index
  • ISBN 9780517548233 / 0517548232
  • Weight 0.4 lbs (0.18 kg)
  • Dimensions 7.9 x 5.2 x 0.7 in (20.07 x 13.21 x 1.78 cm)
  • Category Business / Economics / Finance
  • Library of Congress subjects Economics, Austrian school of economics
  • Library of Congress Catalogue Number 2012655014
  • Dewey Decimal Code 330

Media reviews

"A magnificent job of theoretical exposition."

—Ayn Rand

“I strongly recommend that every American acquire some basic knowledge of economics, monetary policy, and the intersection of politics with the economy. No formal classroom is required; a desire to read and learn will suffice. There are countless important books to consider, but the following are an excellent starting point: The Law by Frédéric Bastiat; Economics in One Lesson by Henry Hazlitt; What has Government Done to our Money? by Murray Rothbard; The Road to Serfdom by Friedrich Hayek; and Economics for Real People by Gene Callahan.
If you simply read and comprehend these relatively short texts, you will know far more than most educated people about economics and government. You certainly will develop a far greater understanding of how supposedly benevolent government policies destroy prosperity. If you care about the future of this country, arm yourself with knowledge and fight back against economic ignorance. We disregard economics and history at our own peril.”

—Ron Paul, Senator from Texas

About the author

Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an important libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal text on free market economics, in 1946, bringing his ideas and those of the so-called Austrian School to the American scene. His work has influenced the likes of economist Ludwig von Mises, novelist and essayist Ayn Rand, and 2008 Libertarian Party Presidential nominee and congressman, Ron Paul. Hazlitt has been cited as one of the most influential literary critics and economic writers of his time.
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Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
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