This book has been the springboard from which millions have come to understand the basic truths about economics--and the economic fallacies responsible for inflation, unemployment, high taxes, and recession. H.L. Mencken called Hazlitt "one of the few economists in human history who could really write." Nobel Laureate F.A. Hayek hailed this book as "a brilliant performance." "If there were a Nobel Prize for clear economic thinking, Mr. Hazlitt's book would be a worthy recipient... like a surgeon's scalpel, it cuts through... much nonsense that has been written in recent years about our economic ailments." -- John W. Hanes, former Undersecretary of the Treasury
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If you want to know where American supporters of free markets learned economics, take a look at Economics in One Lesson by Henry Hazlitt. A brilliant and pithy work first published in 1946, at a time of rampant statism at home and abroad, it taught millions the bad consequences of putting government in charge of economic life. College students all across America and the world still use it and learn from it. It may be the most popular economics text ever written.
Mr. Hazlitt--journalist, literary critic, economist, philosopher--was one of the most brilliant public intellectuals of our century. He was born on November 28, 1894, and died on July 8, 1993, at the age of 98. In his final years, he often expressed surprise that Economics in One Lesson had become his most enduring contribution. He wrote it to expose the popular fallacies of its day. He did not know that those fallacies would be government policy for the duration of the century.
Hazlitt also wanted to be known for his other contributions, which include a novel, a trialogue on literary criticism, two large treaties on economics and moral philosophy, several edited volumes, some sixteen other books, and countless chapters in books, articles, commentaries, reviews. He once estimated that he had written 10 million words and that his collected works would run to 150 volumes.
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