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Economics in One Lesson by Henry Hazlitt

Economics in One Lesson (1946)

by Henry Hazlitt

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Such an oversimplified view. I tried hard to finish it, but... not going to happen. ( )
  tlockney | Sep 7, 2014 |
Review Forthcoming. ( )
  publiusdb | Aug 22, 2013 |
A brief, easy-reading exposition of what the author believes to be the major fallacies of government economic thought during the period 1946-1978. The author is of the Austrian school, so he mostly inveighs against government intervention in the economy. The writing is usually easy to understand, if sneering and snobbish in tone. ( )
  baobab | Jul 23, 2013 |
This book should mandatory for every North American student before they graduate high school and vote. Economics does not need to to remain in the hands of elitist politicians and academics. Hazlitt cuts through the fallacies, gets to the core issues,and explains where we're going wrong, and why we need to change. ( )
  PastorBob | Apr 24, 2013 |
Not the book to get if you've already read extensively in different schools of economics. The author isn't an economist or academic; he had less then two years of college. Rather, Hazlitt was a journalist self-taught in the discipline of economics who wrote for the New York Times The Nation and Newsweek. His virtue is that he's clear and lucid and can bring across complex ideas in simple terms for the ordinary person--and as H.L. Mencken said of him, he was "one of the few" in economics "who could really write." And celebrated, even Nobel-Prize winning economists were among his fans: Ludwig von Mises, Friedrick A. Hayek, Milton Friedman. Based on Bastiat's "What Is Seen And What Is Not Seen," as his Preface stated, "This book is an analysis of economic fallacies so prevalent that they have almost become a new orthodoxy." And so many of those fallacies are still heard today, are still the grounds for current policy (rent control and minimum wage being two examples) that this 65 year old book is still sadly relevant. The book is worth the price just for the chapter "The Broken Window" alone, a parable which Steve Forbes in the Foreword to the 50 Anniversary edition rightly praises "ranks with Adam Smith's Pin Shop, Bastiat's Petition or Plato's Cave." Still the best primer around on the principles of free markets. ( )
  LisaMaria_C | Oct 14, 2012 |
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Economics is haunted by more fallacies than any other study known to man.
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(Click to show. Warning: May contain spoilers.)
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Amazon.com Product Description (ISBN 0517548232, Paperback)

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.

(retrieved from Amazon Mon, 30 Sep 2013 14:03:57 -0400)

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This revised and updated edition of Hazlett's well-regarded exposition of general economic principles examines, in layman's terms, the effects of inflation, recession, and the growing tax revolt.

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