Economics in One Lesson
A million copy seller, Henry Hazlitt’s Economics in One Lesson is a classic economic primer. But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others.
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.
Many current 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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As an economics major, this was too repetitive/basic. That said, the book does a great job at plainly explaining many economic fallacies consistently misused by media and government.
I think a much more brief and contemporary worded version would be an excellent contribution to modern politics.
Review: Economics in One Lesson: The Shortest & Surest Way to Understand Basic EconomicsUser Review - Krishna Kumar - Goodreads
A very good theoretical analysis of various economic concepts as well as a discussion of different economic policies and their effects. The author emphasizes the need for looking at all aspects (short ... Read full review
PREFACE TO THE NEW EDITION
PREFACE TO THE FIRST EDITION
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