Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
Economics in One Lesson by Henry Hazlitt is a book that serves as an introduction to Austrian economics, providing a coherent argument against government intervention in the economy. The book presents a primer on free market economics, discussing basic economic principles, fallacies, and the role of government in economic policies. Hazlitt's writing style is described as clear, lucid, and accessible, making complex economic ideas easy to understand for the ordinary person. The book covers various topics such as subsidies, social benefits, inflation, public works, tariffs, price fixing, and minimum wage laws, offering examples and explanations to refute prevalent economic fallacies.
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With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day.
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.
Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 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.
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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…
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