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.
About the Author
Skyler J. Collins lives with his beautiful wife and three wonderful children in Salt Lake City, Utah. He's a voluntaryist and radical unschooler. He enjoys reading, writing, and podcasting about anything on liberty, economics, philosophy, religion, science, health and childhood development. He and his wife are committed to raising their children in peace and love, exploring the world with them, and showing them how to deal with others respectfully, and enjoy their freedom responsibly. He is the founder of Everything-Voluntary.com. His websites also include skylerjcollins.com, LibertySearch.info, and LargePrintLiberty.com.
"A magnificent job of theoretical exposition."
“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