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.
