Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics

Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics

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.

Title:Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
Edition Language:English
ISBN:null
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    Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics Reviews

  • Whitaker

    Since I have been told (see Post #3) that I have insufficiently supported my point in the original review below, I thought I should expand on it. I have therefore added on Post #4 in full to this revi...

  • Stephen

    5.0 STARS ALL THE WAY for this TERRIFIC book that I consider ESSENTIAL READING for anyone interested in understanding the "free market" theory that government intervention in the markets, no matte...

  • Riku Sayuj

    This is a true ‘Economics for Dummies’ book. It can be useful in case you want something handy to bang over an economic nit-wit's head on short notice. Only such a dummy would be unable to punctur...

  • Matthew

    If you want to read about Austrian economics and hear about how Keynesian economists are out there in the night, conspiring to tax you and build useless bridges for giggles, then read this book. If yo...

  • Toe

    Abbreviated Review: stop reading my review and go read “Economics in One Lesson” right now.Full Review: In the first half of 2009, I visited several law schools before making my selection. While a...

  • Trevor

    The point of this book is to show that there are facts that economists have worked out over the years that are now all but laws that can be used to determine how we should structure our interactions s...

  • Marcus

    For a book that was written so long ago, this book is amazingly relevant to today. It clearly explains how things like stimulus packages, government subsidies, nationalization, currency inflation etc....

  • Paul

    a triumph in the art of oversiplification...

  • Andrej Karpathy

    The main thesis of this book is that the economy is a complex dynamical system and government's efforts to tamper with a free market economy is a game of whac-a-mole where a variety of hard-to-see n-t...

  • Alan Mills

    I could not finish this book. It is trite, misleading, and misstates history. Here are my notes:Notes on Economics in One Lesson, by Henry Hazlitt (1946)I'm with Hazlitt on the broken window fallacy: ...