Economics in One Lesson

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.