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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Destined to repeat mistakes of poor fiscal policy
This book is fascinating and scary at the same time. It is a great primer on sound economic policies and the implications for ignoring the rules of disciplined financial policies. The book was originally written in the 1940's and then revisited in the 1970's. The scary part is that the dangers and warning signs described herein are eerily similar to the US financial system of today. It is like reading an account of US fiscal policies over the last few years.
The economic views described in the book are fiscally conservative, so readers with a conservative viewpoint will enjoy the text the most. However, I encourage all readers to consider the thought provoking ideas regardless of their fiscal viewpoints.
What's the deal
Says it is downloaded but doesn't show up in library. Defective somehow. I will not pay for this!
I got it and it won't open!!!